Tax
From The Report: Tunisia 2019
View in Online Reader

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.

Articles from this Chapter

Overview

Springboard to success: New legislation is passed to improve the investment ecosystem
OBG
plus

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 further these objectives, Tunisia has put in place legislation within its regulatory framework aimed…

Analysis

Getting down to business: Reforms bring legislation in line with international standards to boost domestic and foreign investment
OBG
plus

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 the region. As part of a broad effort to achieve this objective, the Assembly of the People’s Representatives…

Analysis

Taking account: New budget law introduces accounting mechanisms to optimise mission-oriented public spending
OBG
plus

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 system based on that of France. This system was built on a cash basis and used a single-entry book…

Interview

Potential to lead: Moncef Boussannouga Zammouri, Managing Partner, KPMG, on the sector’s ability to modernise and expand
OBG
plus

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 average GDP growth rate of 4.5%, with a sound internal and external financial balance. However, the…