Algeria's Press Service has published a release from the Council of Ministers regarding an exceptional meeting held via videoconference on 10 May 2020 to discuss and approve the draft Supplementary Finance Bill for 2020. According to the release, measures of the draft bill include: the extension of the 50% income tax reduction for the benefit of income earned in the southern regions until 2025; an exemption from global income tax (IRG) for wages up to DZD 30,000 as from 1 June 2020; an increase in the withholding tax on foreign companies operating under contracts for the provision of services in...