Algerian Council Of Ministers Backs Budget Bill
by Ulrika Lomas, Tax-News.com, Brussels
02 October 2013
Presided over by Algerian President Abdelaziz Bouteflika, Algeria's Council of Ministers has approved the country's 2014 finance bill (PLF 2014), designed to reduce the tax burden in Algeria and to further simplify administrative procedures.
The PLF 2014 provides for economic growth of 4.5 percent in 2014, compared to 5 percent this year, and for inflation of 3.5 percent, against 4 percent in 2013. The text aims to maintain budgetary balance, while at the same time consolidating efforts to boost economic recovery in all areas.
The legislative provisions provided for within the framework of the bill form part of overall efforts to encourage investment, to support youth employment, to promote national production, to reduce the fiscal burden, and to further simplify administrative procedures. Furthermore, the legislation contains measures aimed at supporting the housing sector and regulating external investment and trade.
Finally, the PLF 2014 is intended to respond to the most urgent needs of citizens in Algeria, namely employment and housing, pursuing the policy of national solidarity.
Ahead of the budget presentation, Algerian Finance Minister Karim Djoudi had made clear that the Government would not raise taxes in the PLF 2014. Algerian Tourism Minister Mohamed Bachir Kechroud had also confirmed Government plans to reduce the tax imposed on the profits of travel and tourism operators, by lowering the rate applied to between 19 percent and 25 percent from 2015. The aim of the envisaged tax reduction is to encourage these agencies to promote Algeria as a tourist destination both at home and abroad, to diversify their offer and to reduce their tariffs, the Minister said.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Big changes Afoot... »
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »
- Brexit and Covid and Tax, Oh My! »
- Why is the Hong Kong startup ecosystem growing rapidly? »
- Happy Holidays? »
- COVID Continues To Capture Headlines »
- Taxing The Zeroes And Ones »
- Value Added News... »