Algeria's tax authority recently issued a ruling that clarifies the application of the country's corporate tax rates as amended by the Additional Finance Law 2015 in July 2015.
Applicable Rates
Algeria's corporate tax rates of 19% and 25% (depending on sector) were originally replaced by Finance Law 2015 with a single tax rate of 23% effective 1 January 2015. However, the Additional Finance Law 2015 increased the standard rate to 26%, and set reduced rates for certain sectors.
The ruling…