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Algeria Publishes Finance Law for 2022 Including New Individual Income Tax Rates, Reduced Corporate Tax Rate for Reinvestment, and Other Measures

19 January 2022

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Approved Changes

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Algeria

Algeria's Ministry of Finance has published the Finance Law for 2022 (Law no. 21-16), which was originally published in the Official Gazette on 30 December 2021. Some of the main tax measures of the Finance Law are summarized as follows: The individual income tax brackets/rates for annual income are set as follows: up to DZD 240,000 - 0% DZD 240,001 to 480,000 - 23% DZD 480,001 to 960,000 - 27% DZD 960,001 to 1,920,000 - 30% DZD 1,920,001 to 3,840,000 - 33% over DZD 3,840,000 - 35% The provisions regarding the scope of taxable income in Algeria (the territoriality of...