Algeria enacts 2020 Complementary Finance Act including foreign direct investment incentives

15 June 2020|Tax Alerts, Legislation & Policy, National/Federal Taxation|Algeria

On 4 June 2020, the Algerian Government enacted the Complementary Finance Act for 2020.

This Alert summarizes the key fiscal and investment measures.

Foreign Direct Investment (FDI) incentives

The key FDI measures include:

Establishment of an initial list for strategic sectors¹ with retention of the 51/49 local majority shareholding rule. This majority obligation no longer applies to non-designated activities.
Removal of the State’s pre-emption right as provided for under Law 16-09 dedicated to …

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