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Tunisia: No new taxes on companies, individuals in 2019 budget

October 17, 2018 at 1:24 pm

Tunisian flag is raised up to the highest flagpole on the 61st anniversary of Tunisia’s independence during a ceremony at Belvedere Park in Tunis, Tunisia on 20 March, 2017 [Amine Landoulsi/Anadolu Agency]

The Tunisian government has announced that it will not impose new taxes on companies and citizens in the 2019 budget.

This came in the draft budget for 2019 which was issued by the Tunisian government earlier this week.

“The government is committed to not burden the economic institutions and the citizen with new taxes in 2019 due to the contributions they have previously made and in order to reduce the tax burden on the institutions,” the draft said.

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According to the draft, the government has also decided to reduce taxes on companies operating in various sectors including pharmaceuticals and information technology from 25 per cent in the 2018 budget to 13.5 per cent in the next year budget.

“The reduction aims to boost the competitiveness of institutions active in Tunisia and to preserve Tunisia’s position as an attractive destination for investment,” it said.