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Algeria | Registration of beneficial owners has upcoming deadline

05 June 2024

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Tax Alerts, Legislation & Policy, National/Federal Taxation

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Algeria

Legal entities established in Algeria prior to the publication of Executive Decree No. 23-429 of 30 November 2023 face a 30 November 2024 deadline to comply with certain ownership reporting obligations.Executive Decree No. 23-429 of 30 November 2023 introduced the public register of beneficial owners for legal entities incorporated under Algerian law. Legal entities set up prior to the date of publication of Executive Decree No. 23-429 must comply with the reporting obligation by 30 November 2024.Affected entities and their obligationsAlgerian legal entities are obligated to declare their beneficial owner(s) in the "Register of beneficial owners" of the National Trade...