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Hydrocarbon bill to reduce tax pressure by 20%

Published on : Saturday, 16 November 2019 15:56   Read : 0 time(s)
Hydrocarbon bill to reduce tax pressure by 20%

ALGIERS- The hydrocarbon bill, adopted Thursday by the People’s National Assembly (Lower House-APN), will reduce by more than 20% the tax pressure borne by Sonatrach and its partners. The tax burden is set to decrease from 85% currently to 60-65%, said Toufik Hakkar, the head of the working group in charge of the elaboration of this law.

 

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Hydrocarbon bill to reduce tax pressure by 20%