The government has decided, through the youth employment support system, that the death of a beneficiary of the micro-enterprise support system does not automatically lead to the cancellation of the project or exempt the heirs from financial obligations. Instead, the situation is handled according to flexible mechanisms that take into account the continuity of activity or the settlement of the loan on a case-by-case basis. Under this approach, in some cases, the project can be transferred to a qualified family member to continue the economic activity, while the granted loans remain in effect and are settled either through rescheduling or through settlement arrangements between the bank, the agency, and the beneficiary, preserving the contractual nature of the financing. Debt rescheduling according to repayment capacity.
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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