Accounting and accounting rules in Algeria

Accounting Rules

Tax Year

The tax year begins on 1 January and finishes on 31 December of the same year.

Accounting Standards

The Act 07-11 of 25 November 2007 ( only in French) on the financial accounting system has ended the rule of the national accounting plan dating from 1975. This law, which is in force as of 2010, aimed to harmonize the Algerian accounting plan with the international standards (IFRS) of the IASB. New accounting standards largely based on these IFRS have been officially adopted (IFRS Standards with several exceptions)

Accounting Regulation Bodies

Accounting Reports

All business enterprises, public enterprises, quasi-public enterprises, cooperatives, and other ongoing commercial entities are required to prepare financial statements in accordance with Algerian accounting standards, with the exception of very small enterprises for which a simplified set of standards has been developed.

Accounting structure includes: the balance sheet, the income statement, the cash-flow statement, the statement of change in shareholders' equity and an appendix.

Publication Requirements

Monthly and Annual declarations are compulsory:
- A monthly declaration of tax paid in cash or deducted at source. Before the 21st of every month, each company must make a monthly declaration, series GN50, if they belong to the Real Regime.
- An annual declaration of company profits (IBS: tax on company profits). Before 1 April of every year, each company must make an annual declaration of its profits, series E N6, to the tax office it comes under.

Large companies have to pay provisional tax three times a year: 20 March, 20 June, 20 November.

Companies are no longer required to close their books by 31 December if that is not compatible with their activities according to the new accounting framework. This provision still has to be accepted by the tax authority.

Professional Accountancy Bodies

ONCA , National Organisation of Chartered Accountants

Certification and Auditing

Most companies are required to appoint auditors and audit their accounts, according to the 2011 Finance Law. However, companies with a turnover below DZD 10,000,000 are not required to have their accounts certified by an auditor.

You can consult an external auditor: KPMG Algeria; Deloitte Algeria; PricewaterhouseCoopers

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