Algeria – Among the novelties proposed under the draft Finance Law 2020, a provision on the amendment of Article 109 of the Finance Act 2018 …
Thus, according to our source, the PLF 2020 proposes in its article 95 to amend article 109 of the 2018 Finance Law which relates to the solidarity contribution. According to the text, the latter will go from 1% to 2%.
This is a tax applicable to the import operations of goods released for consumption. It is intended to supply the National Pension Fund (CNR).
According to the initiators, this tax had reached 46.3 billion dinars, or 4.52% of the total customs duties collected.