In conjunction with KPMG, this chapter explores the taxation system and Tunisia’s efforts to build an investor-friendly environment. It also contains an interview with Moncef Boussannouga Zammouri, Managing Partner, KPMG.…
Tunisia improved eight places to rank 80th out of 190 countries in the World Bank’s “Doing Business 2019” report. While this reflects a significant improvement in the country’s business and investment climate over one year, the government is committed to improving this ranking further, securing a position among the top-50 countries worldwide as well as being one of the top three in…
In order to improve the allocation of public funds the new budget law – Law No. 15 of 2019 – introduces the concept of medium-term budget forecasts. This legislative reform entails the establishment of a new accounting system to be used for the state funding of programmes to meet policy objectives. The previous system, which was established in January 1959, followed a public accounting…
Interview:Moncef Boussannouga Zammouri In what ways is an effective taxation regime essential for the stability of the country? MONCEF BOUSSANNOUGA ZAMMOURI: Taxation is an effective revenue redistribution tool that provides compensation for inequalities resulting from the revenue distribution market mechanisms of a liberal economic system. Prior to January 2011 Tunisia achieved a respectable…
Combining its strategic geographical location, a highly skilled labour force and competitive operational costs, Tunisia has long been a popular destination among international investors. Indeed, the country has positioned itself as a springboard for those looking to enter the African market, as well as an important international centre for business process outsourcing operations. In order to…
Tunisia is the smallest country in North Africa with an area of 163,610 sq km and is also the northernmost country in Africa. It borders Algeria to the west, Libya to the south and east, and the Mediterranean Sea to the north. With over 1000 km of coastline, it has a strong tradition of commerce and openness to the wider Mediterranean region. The country also holds a strategic position as a bridge
Viewpoint:Moncef Boussannouga Zammouri Economists have argued for easing taxes as a means to accelerate economic growth. Despite the adoption of the euro as a common currency, eurozone countries have maintained their independence in terms of fiscal instruments, adapting taxes to their objectives of economic growth and social distribution. Small countries like Ireland, Malta, Luxembourg and the…
Combining its strategic geographical location, a highly skilled labour force and competitive costs, Tunisia has always been a popular destination for foreign investors. Indeed, the country has positioned itself as a springboard for those looking to get involved in the African market and a centre for business process outsourcing. Committed to furthering its goals, the country has put in place legislation…
Appointed in August 2016 as the head of a new national unity government, Prime Minister Youssef Chahed in early 2018 announced a series of reforms which sparked protests across the country. In response, the IMF, which continues to work with the government under its four-year, $2.9bn extended fund facility arrangement, stated that the reform agenda of 2018 was ambitious and should contribute to set
In conjunction with KPMG, this chapter explores the taxation system and Tunisia’s efforts to build an investor-friendly environment. It also contains a viewpoint with Moncef Boussannouga Zammouri, Managing Partner, KPMG.…
