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Tunisia Finance Bill 2019 Submitted in Parliament

17 October 2018

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Proposed Changes

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Tunisia

On 15 October 2018, Tunisia's Finance Bill 2019 was submitted in parliament. Some of the main tax-related measures of the bill are as follows: A reduction in the corporate tax rate from 25% to 13.5% for certain sectors for tax years beginning on or after 1 January 2021 (standard rate 25%), including for: electronic, electric, and mechanical (EMI); aircraft, ships, and trains and related components manufacturing; cable; pharmaceuticals and medical equipment; textiles and footwear; foodstuffs; call centers; IT development services; and eligible international trading companies; An extension of the four-year corporate tax exemption for newly formed companies to include those...