Tunisia’s Tax System At a Glance

23.06.2009 | Author: Nigerian CPA | Posted in Tunisia

Corporate tax

Tax rate for resident companies

The regular rate is 30%.
However, a rate of 10% applies to some companies exercising a craft, agricultural activity, fishing or armament of fishing boats or to cooperatives of services or consumption.
NB: Whatever the taxable net result is, the company is subjected to a legal minimum of 0.1% of the turnover, with a minimum of 100 TND for companies under the rate of 10% and 250 TND for the ones under the rate of 30% or 35%.

Tax rate on long-term capital gains

In Tunisia, capital gains are taxed at the rate of 30%.

System governing groups of companies and dividends paid by subsidiaries to their parent companies

Dividends paid by a Tunisian company are not subjected either to the tax or in the restraint at the source.

Tax rate on branches

The corporate tax is applied on branches as for all the others companies.

Income tax

Fiscal year

The fiscal year begins on January 1st and ends on December 31st of the same year.

Income tax rate

The rate is progressive from 0% to 35%, shared out into 6 brackets.

Under 1 500 TND

0%

1 500,001-5 000 TND

15%

5 000,001-10 000 TND

20%

10 000,001-20 000 TND

25%

20 000,001-50 000 TND

30%

Beyond 50 000 TND

35%

Tax deductions or other allowances

To know exemptions and deductions, consult the tax code of Tunisia.

VAT rates

Standard rates

The rate of common law is 18%.

Reduced rates

There are two other rates:
- 6% for operations focused on goods and services. Consult the list in the income and corporate tax code ;
- 12% for operations focused on goods, activities and services. Consult the list in the income and corporate tax code.

Accounting

Professionals and representative organizations
The “Council of the order of the Experts Comptables”, 16 street Augustine, Tunis.

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