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Algeria Gazettes 2021 Finance Law

Jan. 6, 2021, 5:00 AM

The Algerian Official Gazette Dec. 31 published Law No. 20-16, implementing the 2021 finance bill measures. The law includes measures: 1) imposing a 15 percent capital gains tax on the real estate and securities transactions and clarifying calculations and liability for payments; 2) exempting from VAT foreign currency-generating exports; 3) implementing withholding tax on monthly income from salaries and pensions; 4) setting progressive global income tax (IRG) rates between zero percent and 35 percent; 5) setting tax rates between 7 and 15 percent on rental income for individuals and companies; 6) establishing a 10 percent withholding tax on research and ...

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