author_orbitax
Orbitax

Share This Article

Draft Finance Law 2014 – presented to parliament

25 December 2013

|

Proposed Changes

|

Algeria

On 28 October 2013, the Minister of Finance presented the draft Finance Law 2014 (the draft) to the parliament. The draft includes some of the measures that have been proposed under the draft supplementary Finance Law 2013 which has been abandoned. The key tax proposals, which will generally apply as of 1 January 2014, are summarized as follows: -   The corporate tax rate applicable on travel agencies and hotels will be reduced from 25% to 19%. -   The corporate tax rate will be reduced for listed companies for a 5-year period as of 1 January 2013. The reduction...