11 March, 2022

IMPORT: More bureaucracy.

The Algerian Ministry of Trade and Export Promotion has announced on Wednesday 9, through the FB page, the need for new documents to be added to the import files, which must be deposited in customs inspections, from next 13. In the absence of an official […]
5 March, 2022

KPMG, ERNST & YOUNG and DELOITE SUSPENDED IN ALGERIA

The Algerian Ministry of Commerce suspended the activities of the famous international firms on February 25, for “illegal exercise of accounting, financial and legal consulting”, in addition to “opposition to control”, according to the local agency APS. The measure, which in principle will last for […]
18 January, 2022

Finance Law 2022, fundamental aspects

Published in the “Journal Officiel” on December 30, 2021 as Law No. 21-16, the finance law 2022, established with an estimate of the price of a barrel of oil of 45/50 USD, foresees a deficit of 42.35%, for a total expenditure of 9.86 BBDZD (60,000 […]
18 January, 2022

ALGERIA ECONOMIC YEAR 2022

The new political course begins in Algeria and in the economic field it seems to present a promising outlook thanks to the increase in the prices of hydrocarbons that have led to a spectacular increase in exports and the recovery of the foreign exchange reserve […]
12 December, 2021

Former Algerian Prime Ministers Ouyahia and Sellal each sentenced to 7 years in prison

The Court of Algiers has sentenced former prime ministers Abdelmalek Sellal and Ahmed Ouyahia, to 7 years in prison each for the Mahieddine Tahkout case, for squandering public money and abuse of privileged position as well as for causing a loss of € 2,000 MM […]
5 December, 2021

Former Algerian Prime Minister Sentenced to 39 Years in Prison

Abdelmalek Sellal, who was Prime Minister of Algeria in the period 2012-2017, has been sentenced, in a judgment of the Supreme Court, to 39 years in prison for the crimes of abuse of function, corruption, embezzlement in the award of public contracts and seeking “advantages” […]
31 October, 2021

The Finance Bill 2022 under consideration in Parliament

The draft Finance Law 2022 has been referred to the Algerian Parliament and Council of the Nation, which will have to vote on it before the end of the year. The total budget is DZD 9.86 trillion (€62 KM), equivalent to 48% of 2020 GDP […]
24 October, 2021

NEW IMPORT-RESTRICTIVE MEASURES IN THE FINANCE BILL 2022.

Draft FINANCE LAW 2022, currently under preparation in the government, provides for new measures against imports, in particular: New tax of 2% on the value of imported products, which will be settled at customs in the same way as VAT (TVA). A fee of DA […]