The Algerian National Institute of Industrial Property (INAPI) has recently implemented a significant change that directly impacts the financial landscape of IP transactions within the country.
Effective from March 29, 2024, INAPI has introduced a new Value Added Tax (VAT) rate of 19% on official fees related to IP services. This adjustment comes as part of broader changes in Algeria's tax system, aiming to streamline processes and ensure compliance with international standards.
What does this mean for you? As stakeholders in the IP ecosystem, it's essential to be aware of how this VAT adjustment may impact your business operations. The 19% VAT rate will apply to various IP-related activities, including trademark registrations, patent filings, and other services provided by INAPI.
While this change represents a shift in financial considerations for IP transactions, it also reflects Algeria's commitment to aligning its regulatory framework with global practices. By staying informed and proactive, you can navigate these adjustments effectively and continue to leverage the benefits of IP protection in Algeria.
As always, our team at Dagher Intellectual Property is here to support you through these transitions. If you have any questions or require assistance regarding VAT implications on IP services, please don't hesitate to reach out to us at:
info@dagher-ip.com