RE: One Bit News - Economy - Issue 15
In Algeria, the overall vision emerging from the new provisions of the 2018 Finance Act shows that its impact on the real estate sector as a whole remains minimal, said Lotfi Ramdani, director of Lkeria.com real estate website and expert. real estate, during the 6th edition of the real estate awareness days, on the provisions of the law of finance 2018 on real estate organized at the headquarters of the FNAI in Algiers.
According to him, the various provisions of the Finance Act 2018 affect only the transactional part, "in the absence of measures in connection with construction and direct or indirect financing".
The speaker gave a table of the advantages and the weak points of each provision brought by the law of finances 2018. It is among others the dynamisation of the market of the real estate transactions thanks mainly to the cession of the goods of the State, without forget the gain for the public treasury in terms of bonuses in the context of the non-transferability.
With regard to the adjustments introduced on the tax on the surplus value, it was noted that this new provision was in contradiction with the encouragement of the mobility, wanted within the framework of the suppression of the non-transferability of the public housing .
The speaker will say that a significant number of the provisions introduced tended to increase the liquidity pool of the Treasury, through the upward revision of the rates of certain property taxes, the widening of the base of these taxes and taxes as well as the increase in the price of real estate sales to transit through the Treasury, for a certain time.