On 28 December 2016, the Algerian President Abdelaziz Bouteflika signed into law the Finance Act for 2017. The main tax measures include an increase in the standard value added tax (VAT) rate from 17% to 19%, and an increase in the reduced VAT rate from 7% to 9%. The law also increases that consumption taxes on tobacco and alcoholic beverages, and increases the tax on petroleum products. Click the following link for an overview of the measures (French language) released by the Ministry of Finance. The measures generally apply from 1 January 2017.