Finance act 2011: New tax breaks to boost productive economy   Leave a comment

Finance Act 2011, signed Wednesday by President of the Republic Abdelaziz Bouteflika, includes several measures aiming essentially at encouraging investment through tax exemptions

ALGIERS – Finance Act 2011, signed Wednesday by President of the Republic Abdelaziz Bouteflika, includes several measures aiming essentially at encouraging investment through tax exemptions and breaks to the advantage of the productive economy branches.

The act exempts from the tax on total income (IRG) and the tax on corporate income (IBS), the activities on raw milk in order to strengthen this sector.

It also offers relief from IBS, the operations generating foreign currency, both for export activities or for those made locally, as well as the VAT removal for acquisitions vessels by shipping companies.

 

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Posted January 15, 2011 by newworldconsulting in Uncategorized

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