Algeria Tourism: Tax benefits for investors   Leave a comment

Many tax privileges are granted to investors in tourist industry, said Wednesday here a top executive at the Directorate General of Taxes.Tourist companies, except travel agencies and mixed-economy companies, are exempted from profit tax for a period of ten years, the public relations and communication director at the Directorate General of Taxes, Brahim Benali, noted at an assessment day for investment in tourism.The VAT (value added tax) is reduced to 7% (from 17%) for services related to tourism, hotel and spa industries as well as car rent and graded tourist restaurants until 31 December 2019.

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Posted January 15, 2011 by newworldconsulting in Uncategorized

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