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Tightening Control Over Hidden Wealth.. A Register Reveals the True Owners!

Tightening Control Over Hidden Wealth.. A Register Reveals the True Owners!

Mandatory submission of detailed data including identity, ownership, control chain, and shareholders to deposit declarations at the commercial registry center and the ministries of interior, finance, and religious affairs. The authorities have officially established a register of beneficial owners at the National Commercial Registry Center, in a move aimed at enhancing financial transparency and accelerating exit from the grey list of the Financial Action Task Force (FATF). This register reveals the actual owners of companies and legal entities, and the measure comes as part of a new executive decree that imposes mandatory reporting and data updating, along with enhanced oversight to combat money laundering and terrorist financing and regulate legal arrangements. In this context, the Prime Minister, Aïmene Benabderrahmane, signed an executive decree...

May 5, 2026echoroukonline.com
These are the cases of tax exemptions.. and fines for regularizing buildings are not concerned!

These are the cases of tax exemptions.. and fines for regularizing buildings are not concerned!

Public properties belonging to the endowments benefit from tax exemptions that include taxes, rights, and fees, as confirmed by an official correspondence from the Ministry of Finance. However, this exemption does not extend to fines related to the regularization of building permits and certificates of compliance. According to an official correspondence numbered 654 dated April 1, 2026, which was reviewed by 'Echorouk', the Ministry of Finance sent a letter to the Ministry of Housing, Urban Planning, and City Planning regarding the issue of exemption from the fine imposed on the delivery of amended building permits for regularization and certificates of compliance for regularization. This correspondence comes in the context of a concern raised by the Ministry of Housing regarding the possibility of exempting public properties belonging to the endowments...

May 5, 2026echoroukonline.com

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