On 30 November 2015, Algeria's parliament approved the Finance Law 2016. Two of the key measures include:
- Mining companies will be subject to the 23% reduced corporate income tax rate that was introduced along with an increased standard rate of 26% in the Additional Finance Law 2015 approved in July; and
- The deduction of R&D expenses, which is limited to 10% of taxable profits with a cap of DZD 100 million, will also require the submission of an expert report prepared by the relevant gov…