Algeria State Press Announces Tax Deduction Benefit for Taxpayers With R&D, Open Innovation Activities

The Algerian Press Service March 20 announced that the General Directorate of Taxes released information on the expense deduction under Article 171 of the Direct Taxes and Similar Taxes Code, for research and development (R&D) and open innovation activities. The information includes that: 1) the deduction is up to 30 percent on income or profit, capped at 200 million Algerian dinars (US$1.4 million), of qualifying expenses for companies categorized as “Start-up” or “Incubator;" 2) that the 30 percent and 200 million dinar caps apply if the expenses simultaneously concern both R&D and open innovation; and 3) the deduction is in ...