A bill adopted by a majority by the House of Advisors

The House of Advisors adopted by majority, bill n°56.23 repealing article 43 of law n°19.94 relating to industrial acceleration zones (ZAI), Tuesday during a legislative session.

This bill, adopted with the approval of 30 councilors, two abstentions and no rejection, provides that the advantages granted to companies established in the ZAI are exclusive of any other advantage provided for by other laws regarding the encouragement of investment, indicated the Minister of Industry and Commerce, Ryad Mezzour, in a speech read on his behalf by the Minister of Economy and Finance, Nadia Fettah.

The repeal of article 43 aims to comply with the legal texts in force, in particular the provisions of framework law n°03.22 forming the investment charter which does not exclude investment projects carried out in the sector industrial sector to benefit from the investment support system, explained Minister Mezzour.

These are also the provisions of framework law No. 69.19 on tax reform stipulating that the State ensures in the tax field to rationalize tax incentives, with regard to their repercussions on the social and economic levels, including the encouraging investment which produces added value and creates quality jobs. The minister also noted that the repeal of this article of law n°19.94 aims to adapt to the provisions of the finance law of the year 2024, under which article 165 of the General Code of taxes (CGI), which provided that the advantages granted to companies established in the ZAI are exclusive of any other advantage provided for by other legislative provisions in terms of encouraging investment, has been repealed.

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