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Cabinet meeting: files related to the energy and vehicle manufacturing sectors were examined

Prime Minister, Aïmene Benabderrahmane, chaired today, Wednesday, a cabinet meeting, during which files related to the energy and industry sectors, especially the vehicle manufacturing activity were examined, according to a statement of the Prime Minister’s services, the full text of which is:

“Prime Minister, Aïmene Benabderrahmane, chaired this Wednesday, November 16, 2022, a cabinet meeting, held at the government palace.

During its weekly meeting, the government examined the following points:

In the field of energy:

The Minister of Energy and Mines presented a draft executive decree specifying the list of equipment, materials, products and services related to upstream activities, transporting fuels by pipelines, refining and conversion, which are exempted from value-added tax, duties and fees, and customs royalties, as well as the modalities of implementing exemptions.

It is worth noting that the draft decree has already provided for exemptions related to value-added fees, duties, customs fees and royalties, as tax incentives and investment-encouraging measures for the benefit of operators engaged in oil and gas activities.

In the field of industry:

The Minister of Industry presented a draft executive decree that defines the conditions and modalities for practicing the activity of manufacturing vehicles.

The draft law aims to establish a real national industry in the field of vehicle manufacturing, while mobilizing local handling as well as providing the necessary conditions to encourage the establishment of world-renowned suppliers who are active in the vehicle manufacturing field.

This new mechanism also aims to provide the necessary conditions in the field of the preferential tax system that will have to be granted to manufacturers who achieve the integration rates stipulated in the applicable legislation.

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