6 May 2024
Algeria’s tax changes still on the cards, Galsi decision pending
Publication date: 11 April 2012
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Algeria’s energy minister Youcef Yousfi on Tuesday reiterated plans to change the way in which the country levies tax on energy projects, according to Algeria’s El Khabar newspaper. The amendments would see foreign oil companies paying tax on profits from projects instead of revenues, and is designed to encourage foreign investment in Algeria’s waning upstream energy sector.