The National Accounting Council, affiliated with the Ministry of Finance, issued a new opinion that puts an end to the differences in accounting practices related to holding companies, following inquiries about the correct way to record the revenues generated by these companies from investing their funds or from owning shares in other companies. The decision may seem technical at first glance, but its content is simple, as it does not involve imposing new taxes or changing the value of profits, but rather specifies where these revenues should appear within the financial statements, so that all companies adopt the same rules when preparing their accounts, which enhances transparency and makes reading their financial results clearer. In its opinion No. 01/2026...
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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