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النهار أونلاين
Tax exemption on specific electric products
The Algerian government, through the Minister of Energy and Renewable Energies, Mourad Bouicel, focused on expanding and stimulating the energy and renewable energy sector in the 2027 Finance Law project. This included extending exemption from value-added tax (VAT) for activities related to the production, transmission, and distribution of electricity and gas, as well as increasing the corporate tax deduction rate for infrastructure expenses related to green hydrogen and renewable energy production to 10%. The exemption was also expanded to cover expenses related to afforestation and reforestation. Additionally, methods for collecting and paying fees on electricity and gas consumption were revised by assigning specialized companies to handle collection and payment based on the amounts received. Moreover, locally manufactured electrical products intended for export were exempted from energy consumption taxes. These measures aim to enhance energy capacity, ensure energy security, and facilitate a gradual transition toward a sustainable energy mix that relies on all energy sources, while ongoing projects for electricity and gas interconnection continue within the state's programs to ensure the country's energy supply remains sustainable.
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