Freezing the tax on petroleum products until further notice – New Algeria

According to the text of the instruction, of which “elhiwar us” has a copy, “In anticipation of the preparation of the departments of the state tax directorates for amended accounting cards that include the tax estimates, including the tax on petroleum products and the local solidarity tax for the year 2024, in order to notify them to the states and municipalities, I have the honor to request Please do not restrict the tax estimates included in the amended account cards at the budget level until further notice.”

And he takes care of it Finance Law 2024 The issue of financing local groups is fully addressed in terms of compensating for the shortfall resulting from the proposal to abolish the fee on professional activity, and among the measures taken is “to allocate the revenues of the fee on petroleum products entirely for the benefit of local groups.”

And previously announced Minister of Finance, Aziz Fayed, for preparation law Project A joint ministerial meeting between the Ministries of Finance and the Interior to determine the criteria for distributing this fee in a way that allows all municipalities to benefit from the output, not just the municipalities where the activity is located.

The Minister noted that, according to the closing estimates for the year 2023, the tax revenues for the tax on professional activity, estimated at 153 billion DZD, “will be fully compensated” by the estimated revenues for the tax on petroleum products, set at 186 billion DZD for the year 2024.

Within the 2024 Finance Law, other measures were included that would reinforce this trend, such as the introduction of the local solidarity fee applied to transport activity. Fuel Through pipelines and mining activities, its revenues are entirely directed to the benefit of local communities, which are estimated at 6.7 billion dinars.

Fouad Q