Algeria introduces penalty in 2024 on G29 non-compliance.

Introduction of penalty on G29 report non-compliance

The Finance Act for the year 2024, introduces penalties regarding non-transmission of “G29 annual salary statement” to the tax authorities. The applicable penalty is 5% of the total payroll.

There are no changes in terms of calculation of tax on salaries.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change