On 13 October 2019, Algeria's Council of Ministers approved the draft Finance Bill for 2020, which has been sent to parliament for consideration and approval. The tax-related measures are largely focused on the promotion of investment and the development of businesses, which includes: Introducing tax incentives for start-ups operating in the field of innovation and new technologies, including profit tax and value added tax exemptions during the launch and development phase; Creating four types of national economic zones which will serve as start-up incubators and provide financial and tax incentives for other areas of investment; and Abolishing the 51%/49% rule...