Strict compliance with 'GAFI' regulations.. and 30 days to update the commercial register or face severe penalties. The government is preparing to create and expand a 'blacklist' of individuals and entities banned from trading. This list will not be separate but will be added to the previous system to include specific categories, primarily those involved in tax fraud, money laundering, financing terrorism and sabotage, and financing the proliferation of weapons of mass destruction, along with individuals and entities listed in national and international sanctions lists, which practically means excluding anyone proven to be involved in crimes affecting the transparency of the economy and the integrity of transactions from the commercial space...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
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