The Algerian tax authority (DGI) has issued a general release providing an overview of the main tax measures of the Finance Act for 2020. In addition to measures previously reported, important measures include the following:
- The 80% tax base reduction for withholding on computer software payments is reduced to 30%, meaning the effective withholding tax rate is increased to 16.8% (24% on 70% of the gross amount), up from 4.8% (24% on 20% of the gross amount);
- Several changes are made to the…