- Tax authorities in Algeria issue guidelines for treatment of deducted VAT and compliance requirements for VAT-exempted turnover
- Instruction provides guidance for addressing incorrectly deducted VAT and VAT credits during tax audits
- Tax auditors instructed to verify regularity of deducted VAT and ensure turnover is subject to VAT
- VAT credits from previous fiscal years can be audited and adjusted for reassessing years under audit
- Guidelines provided for reporting VAT refund applications and VAT-exempted turnover in monthly tax returns
- Non-reporting of VAT-exempted turnover may result in penalty ranging from 500 to 2,500 Algerian Dinar
Source: globaltaxnews.ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
