On 30 November 2015, Algeria's parliament approved the Finance Law 2016. Two of the key measures include: Mining companies will be subject to the 23% reduced corporate income tax rate that was introduced along with an increased standard rate of 26% in the Additional Finance Law 2015 approved in July; and The deduction of R&D expenses, which is limited to 10% of taxable profits with a cap of DZD 100 million, will also require the submission of an expert report prepared by the relevant government body. The law must now be signed by the president and published in the Official...