Algeria Gazettes 2023 Finance Law

The Algerian Official Gazette Dec. 29, 2022, published Law No. 24-22, implementing the 2023 finance law. The law includes measures: 1) increasing the cash expense deduction thresholds for corporate income tax (IBS) and global income tax (IRG) to 1 million Algerian dinars (US$7,272) from 300,000 dinars (US$2,181); 2) increasing the VAT deduction threshold for cash invoices to 1 million dinars from 100,000 dinars (US$727); 3) increasing the ceiling for the reduced 7 percent rate on gross annual rents to 1.8 million dinars (US$13,083) from 600,000 dinars (US$4,362); 4) increasing the R&D expense deduction limit to 200 million dinars (US$1.4 million) ...