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Algeria's Draft Finance Law 2015 Presented

27 October 2014

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Proposed Changes

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Algeria

On 1 October 2014, Algeria's Minister of Finance presented the draft Finance Law 2015 to the country's parliament. Key tax measures are summarized as follows: The current corporate tax rates of 19% and 25% (depending on industry) will be replaced with a single tax rate of 23% The maximum revenue amount for the special lump-sum tax regime will be increased from DZD 10 million to DZD 30 million A 5-year exemption from corporate tax, individual income tax and the tax on professional activities will be available for specific industrial activities An exemption from VAT and customs duties will be available...