A popular and lucrative destination for foreign investors, Tunisia combines a strategic geographical position with a highly skilled labour force at competitive costs. The North African nation aims to be a hub for investors looking for a foot in the African market, as well as those requiring business process outsourcing services. Committed to meeting such ambitious plans, the country has put…
This chapter contains an overview of Tunisia’s taxation system and examines the country’s efforts to encourage growth via prudent fiscal policy, including through a new investment framework, which offers improved incentives and guarantees. This chapter contains a viewpoint from Moncef Boussannouga Zammouri, Managing Partner, KPMG.…
Tunisia’s GDP totalled TD84.3bn (€36.2bn) in 2015, expanding at a rate of 0.8%, down from growth of 2.3% the year before. The fall was due to a variety of external factors, including two terrorist incidents that negatively affected the tourism sector in particular and shook business confidence more generally. However, growth picked up somewhat in 2016, standing at 1%, 1.4% and 1.3% in the firs
Viewpoint: Moncef Boussannouga Zammouri To address slow economic growth and increasing public debt, Tunisia has recently undertaken important economic reforms. Reforms include the Law on Private-Public Partnerships (PPPs) and the new Investment Law 2016, which aimed to ease the regulatory, administrative and financial environment for investment. Tax, monetary and exchange rate policies have also been…
Five years after the revolution of January 2011, Tunisia has yet to return to the dynamic growth it used to have in previous decades. The economy was quite flat in 2015, with 0.8% growth, and only a moderate growth of 2.8% is planned for 2016. The business community is still concerned about the slow path of structural reform implementation and the reaction time of the administration. Business leaders…
In conjunction with EY, OBG explores the taxation system, examining Tunisia’s investor-friendly environment. This chapter contains a viewpoint from Noureddine Hajji, Managing Partner, EY Tunisia.…
With Tunisia’s young population and well-maintained infrastructure, there is the opportunity for strong economic development. The establishment of democratic rule in the country should also be a major boon in terms of creating a positive business environment characterized by the strong rule of law. Tunisia has a deserved reputation for stability and moderation, and while the political dialogue w
General Rules Below is a description of the general rules for taxes in Tunisia. Specific elements of the tax code are described in more details later in the chapter. Tax System Tax laws are enacted through legislation and decrees. Amendments are usually introduced each year through the enactment of the annual finance law. The tax administration publishes memoranda interpreting the tax law. Tunisian…