Complementary financial law free of additional taxes

The government has decided not to include additional taxes to the current complementary financial law neither to review legislations related to foreign or national investments.

• However, a draft law designed to cushion the financial repercussions of the latest measures decided by the president Abdelaziz Bouteflika to curb the prices surge of the basic food stuffs, is in the offing.
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• The financial impact on the public treasury is estimated at 27 billion Algerian Dinars mainly due to tax cuts on the imports of staples used in oil and sugar production in addition the financial repercussions linked to the measures decided during the cabinet’s meeting held last February 22.
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• Those measures are intended to assist young entrepreneurs to create small and medium- sized enterprises in various fields of activities. The financial impact of this operation is estimated at around 180 billion Algerian Dinars.

• The public treasury has also to stand for the recent salaries’ increase that touched some sectors of the civil service backdated to 2008.
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