Finance

Algeria Gazettes 2022 Supplementary Finance Law

Aug. 10, 2022, 5:00 AM

The Algerian Official Gazette Aug. 4 published Ordinance No. 22-01, implementing the 2022 supplementary finance law. The ordinance includes measures: 1) changing the 10-year tax exemption for income derived from certain agricultural activities; 2) establishing a reduced 9 percent VAT rate for specific products and services; 3) setting the Aug. 15 deadline for taxpayers carrying out non-commercial activities to submit their provisional declarations for the 2022 financial year; 4) requiring taxpayers to submit their declarations and pay their taxes due by the 20th of the month following the completed quarter; 5) establishing tax filing procedures and penalties for noncompliance; 6) …

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