The Algerian Official Gazette Dec. 31, 2023, published Law No. 22-23, implementing the 2024 finance law. The law includes measures: 1) introducing an additional 16 percent corporate income tax during the first three years and 20 percent on tobacco manufacturing companies; 2) establishing the VAT exemption until Dec. 31, 2024, and Dec. 31, 2026, for specific goods and services, including fixed internet-related services; 3) reduced VAT rate for specific goods and services; 4) establishing tax filing procedures, advance payment of taxes, deadlines, and penalties for noncompliance; and 5) requiring taxpayers to submit their declarations and pay their taxes by the ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.