On 18 February 2015, officials from Algeria and the U.K. signed an income and capital tax treaty. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Algerian tax on global income, tax on the profits of companies, tax on professional activity, and royalties and taxes on results relating to activities of prospecting, research, exploitation and transport of hydrocarbons by way of pipelines. It covers U.K. income tax, corporation tax and capital gains tax. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence...