background image

Algeria Issues Decree Implementing Tax on Unexploited Industrial Land — Orbitax Tax News & Alerts

Algeria published Decree no. 18-335 on 23 December 2018 setting out regulations to implement the tax on unexploited industrial land. The tax was originally introduced by way of the Supplementary Finance Law 2015. The tax will be levied annually at the rate of 5% of the land’s fair value in cases where industrial land remains unexploited for more than 3 years as from the date the rights to the land were originally allocated for an investment project. The decree considers land as unexploited when the operational activities in connection with the corresponding investment project did not start, wholly or partially.