Accounting in Algeria

Overview by

Accounting System

Accounting Standards
The Act 07-11 of 25 November 2007 on the financial accounting system has ended the rule of the national accounting plan dating from 1975; it was enforcement in 2009. This law aims 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.
Accounting Regulation Bodies
National Popular Assembly, Website of the National Popular Assembly.
Accounting Law
Law n° 07-11 (25 November 2007) on the Algerian accounting and financial system.
Difference Between National and International Standards (IAS/IFRS)
Companies will have to draw up their accounts in conformity with IAS/IFRS standards.
Accounting News
Algerian accounting news

Accounting Practices

Tax Year
The tax year begins on 1 January and finishes on 31 December of the same year.
Accounting Reports
Accounting structure includes: the balance sheet, the profit and loss account and the notes to the accounts.
Publication Requirements
Monthly and Annual declarations are compulsory:
- A monthly declaration of tax paid in cash or deducted at source. Before the 21 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 3 times a year: 20 March, 20 June, 20 November.


Accountancy Profession

The accountant is responsible for the legal obligations of the company as regards accounting.

The chartered accountant certifies company accounts.
The auditor certifies the accounts carried out by the chartered accountant (for companies with more than 50 employees, joint-stock companies and public limited companies). The mission of Auditors is defined in a decision of the Minister of Finance on the proposal of the Governing Council of Chartered Accountants, Auditors and authorized accountants.

The National Governing Council of Chartered Accountants brings together the liberal professions of accountancy (experts, auditors...). It is responsible for setting up standards and issuing authorizations.
The National Council of Accountancy is an interministerial and interprofessional organization together with the Minister of Finance to enact the standards and rules of accounting. It is also responsible for the problems of application and interpretation of standards formulated by users.
Professional Accountancy Bodies
CRCECC, Governing Council of Chartered Accountants
Member of the International Federation of Accountants (IFAC)
Algeria is not a member of of the International Federation of Accountants (IFAC).

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