ALGIERS- The Finance bill 2018, approved last Wednesday by the Council of Ministers meeting, provides for a battery of legal and tax measures, in a view to consolidating productive investment and increasing budgetary revenues.

Wealth tax in finance bill 2018

Friday, 06 October 2017 12:53
ALGIERS- The finance bill 2018 has introduced a wealth tax by defining the type of the relevant property, the tax scale and the destination of tax revenues.
ALGIERS- MPs at the People's National Assembly (lower house of Parliament), discussing Thursday the bill completing and amending the order on money and credit, stressed the importance of steering the non-conventional financing mechanism towards productive economy and wealth-creating activities.
ALGIERS – National airline Air Algérie’s turnover decreased over the first nine months of 2017, due to the fierce "competition of airlines activating in Algeria," said Thursday in Algiers CEO Bakouche Alleche.
ALGIERS – The relaunch of the shale gas exploitation project will be backed by explanations and dialogue as the health of the Algerians will be not be undermined by this project, said the Prime Ministry offices in a release.
ALGIERS-The Finance Bill 2018, adopted Wednesday by the Council of Ministers, provides for further decentralization of investment through maintaining the efforts made for national planning, increase in industrial lands and promotion of SMEs, said Thursday Finance Minister Abderrahmane Raouya.
ALGIERS- Immigrant remittances in the Middle East and North Africa region (MENA) will reach USD51 billion in 2017, up by 4.6% after two years of drop, said the World Bank in its website.
ALGIERS- Non-hydrocarbon industrial producer prices fell by 0.2% in the second quarter of 2017 compared to the previous quarter, achieving a growth of one percent compared with 2nd quarter of 2016, the National Statistic Office told APS.
ALGIERS- The review of the law on hydrocarbons in force will concern no sovereignty-related issues, including the 51/49% rule governing foreign investments in Algeria, the Prime Minister office said Thursday on its website.
MOSCOW-Energy Minister Mustapha Guitouni said Wednesday in Moscow the member countries of the Gas Exporting Countries Forum (GECF) should engage in joint actions to address the current challenges facing the natural gas industry.