Daily Tax Report: International

Algeria Tax Agency Explains Amendments to Real Estate Taxation Regime

Oct. 9, 2019, 6:48 PM

The Algerian General Directorate of Taxes Oct. 8 explained the amendments to the real estate taxation regime. The explanation includes: 1) the special tax on planning and permit certificates; 2) the deadlines for exemption of collective dwellings constituting the sole property and the main dwelling held more 10 years; 3) the list of assets to which capital gains tax applies; 4) the 5 percent capital gains tax on sale of buildings under construction and its exemptions; 5) determination of capital gains tax on disposals and transfers; 6) taxation of rental income, building operations, and exchange of property; and 7) VAT...

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