News
Algeria Commences Tax Convention With Japan     |     Algeria Abolishes Controversial Electronic Tax For Startups     |    
Menu

Tag: Algeria tax

Algeria Commences Tax Convention With Japan

December 27, 2023
tax

Japan has received from Algeria the notification confirming that its internal procedures necessary for the entry into force of the “Convention between Japan and the People’s Democratic Republic of Algeria for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance” (hereinafter referred to as the Convention) (signed on February 7, 2023) were completed. Thus, all the necessary procedures for the entry into force of the Convention have been completed.

tax
Algeria Tax

The Convention, therefore, will enter into force on January 20, 2024 (the thirtieth day after the date of receipt of the latter notification) and will have effect:
(a)  with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning on or after January 1, 2025;
(b)  with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1, 2025.

read also Africa Investment Forum to Discuss Business of Sports With Rugby Africa President

The provisions concerning the exchange of information and the assistance in the collection of taxes will have effect from January 20, 2024, without regard to the date on which the taxes are levied or the taxable year to which the taxes relate.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Algeria Abolishes Controversial Electronic Tax For Startups

February 14, 2022

The wrath of Algerians, sparked by additional levies on electronic and computer products, has prompted the country’s government, led by President Abdelmadjid Bouteflika, to respond. Consequently, Abdelmadjid Bouteflika has ordered the eradication of taxes on electronic and computer items, as well as the freezing of additional taxes on food products, during a meeting of the council of ministers on February 13.

President Abdelmadjid Bouteflika
President Abdelmadjid Bouteflika

Indeed, the 2022 finance bill relates to additional taxes on e-commerce purchases, smartphones, and computer products. The new tax review however only applies to purchases made for personal use or for startups.

The tax rates on computer and telephone consumables were revised upwards in the 2022 financial bill.

Read also Côte d’Ivoire Mulls Tax On Ride-hailing Services

Smartphones and tablets, as well as their accessories, were taxed at more than 133 percent under articles 123, 128, 129, 135, 136, 137, and 138 of the finance code for the current fiscal year, while PCs and their accessories were taxed at 60 percent.

Algeria electronic tax Algeria electronic tax

Fintech Startups Gulped 50% of African Tech’s $2bn Funding in 2021

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

Afrikan Heroes
Theme by Grace Themes