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Update - Algeria Publishes Overview of 2020 Finance Act Measures

10 January 2020

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Approved Changes

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Algeria

The Algerian tax authority (DGI) has issued a general release providing an overview of the main tax measures of the Finance Act for 2020. In addition to measures previously reported, important measures include the following: The 80% tax base reduction for withholding on computer software payments is reduced to 30%, meaning the effective withholding tax rate is increased to 16.8% (24% on 70% of the gross amount), up from 4.8% (24% on 20% of the gross amount); Several changes are made to the single flat-rate tax regime, including that companies are now excluded from the scope of the regime, the...