Algeria to reduce income tax amid soaring food prices


People buy vegetables and fruits in a market in Algiers, Algeria, - Reuters file pic

ALGIERS: Algerian President Abdelmadjid Tebboune on Sunday ordered his government to reduce tax on overall income amid soaring food prices in the drought-hit North African country, the presidency said.

Avoiding social unrest has been a priority for authorities in Algeria where the middle class has been hit by soaring prices for some food products.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Tan Sri Wan Zulkiflee steps down from Malaysia Aviation Group chairmanship
Gold prices near record, set for weekly gains on Fed rate-cut boost
Asian shares extend rally, yen edges higher as BOJ holds steady
Oil prices set to end week higher after US rate cut
TNB inks power supply agreements with Keppel, SP PowerAssets
Bursa Malaysia ends morning session higher
Lazada-backed TNG Digital eyes Malaysian IPO over next 2-3 years, sources say
Malaysia to offer tax breaks, incentives in Forest City development to boost investments
Ringgit surges to 4.18 amid positive domestic factors
US rate cut, Malaysia's structural reforms and economic outlook fuelling ringgit recovery - Bank Negara

Others Also Read