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flag Tunisia Tunisia: Business Environment

In this page: Accounting Rules | Tax Rates | Intellectual Property | Legal Framework | Standards | Business Practices

 

Accounting Rules

Tax Year
From 1 January to 31 December.
Accounting Standards
Access the Official Tunisian Accounting Plan (in French)
Accounting Regulation Bodies
The Tunisian Accounting Standards Board
CSOEC
National organization of Auditors
Accounting Reports
Annual accounts: the balance sheet, the profit and loss account and the notes to the accounts.
The annual report
The statement of source and application of funds (compulsory for large companies).
Publication Requirements
The Financial Market Council is responsible for monitoring the observance of reporting obligations for companies which make a public appeal for savings, which includes all companies listed on the Stock Exchange, all insurance companies, all banks, companies with more than 100 shareholders, etc. Its role is also to confirm that the information provided or reported conforms to legal and statutory requirements. The field it monitors is probably too large in relation to the resources the Council has at its disposal. Accounts have to be certified annually.
Professional Accountancy Bodies
The Order of Chartered Accountants in Tunisia
The Company of Accountants in Tunisia
Certification and Auditing
Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organization. You can contact Ernst &Young and L'Ordre des Experts Comptables de Tunisie.
Accounting News
Tunisian news from the EIN website

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Tax Rates

Consumption Taxes

Nature of the Tax
Value added tax (TVA)
Tax Rate
18%
Reduced Tax Rate
Reduced rate of 10% applicable to companies whose activity is agricultural or in crafts, buying groups, service cooperatives set up between producers, consumer cooperatives and the acquisition of vehicles for the renewal of the fleet cars like taxi or rental.
Reduced rate of 6% for operations on goods and services. Consult the list of operations concerning goods and services subject to VAT at 6% ;
Reduced rate of 12% for operations on goods, activities and services. Consult the list of operations concerning products, activities and services subject to VAT at 12%.
According to the article 12 of decree No. 2009-3836 of December 30, 2009 (in French), the VAT payable on vegetable oils and refined raw food intended to be packaged for retail sale and imported by persons authorized by the relevant departments of the Ministry of Commerce and crafts is suspended.
Other Consumption Taxes
Tax on luxury products: 29%

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Corporate Taxes

Company Tax
25%
Tax Rate For Foreign Companies
Foreign companies are taxed on the profit they make in Tunisia.
Capital Gains Taxation
All earned income from capital gains is taxed the same as regular income.
Main Allowable Deductions and Tax Credits
Expenses are deductible for depreciation or amortization, reserves, rents for premises and equipment, wages, etc. There are tax credits for apprenticeships especially.
Other Corporate Taxes
Payroll tax: a 1% of employees gross salary (in the manufacturing sector) professional training tax is levied.(2% in other sectors).
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 

Country Comparison For Corporate Taxation

  Tunisia Middle East & North Africa United States Germany
Number of Payments of Taxes per Year 8.0 19.0 11.0 9.0
Time Taken For Administrative Formalities (Hours) 144.0 184.0 175.0 207.0
Total Share of Taxes (% of Profit) 32.3 32.3 46.7 46.8

Source: Doing Business - Last Available Data.

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Individual Taxes

Tax Rate

Income tax (IR) Progressive rate from 0 to 35%
TND 0 - 1,500 0%
TND 1,501 - 5,000 15%
TND 5,001 - 10,000 20%
TND 10,001 - 20,000 25%
TND 20,001 - 50,000 30%
Over TND 50,000 35%
Allowable Deductions and Tax Credits
Exemptions for:
- capital gains on transfers of company shares which are not part of professional assets;
- dividends and assimilated revenue;
- remuneration paid to foreign diplomatic and consular agents if there is a reciprocal agreement;
- interest on deposits or stocks in foreign currency or convertible dinars;
- interest on house purchase savings accounts;
- interest on special savings accounts or debentures, within a certain limit;
- interest on savings accounts for studies;
- capital gains from employees taking up an option to subscribe for capital in IT services, IT engineering and related services companies.
Special Expatriate Tax Regime
There are no specific tax rates for expatriates.

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed
List of double taxation treaties signed by Tunisia
Withholding Taxes
Dividends: 0, Interest: 20%, Royalties: 15%

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Sources of Fiscal Information

Tax Authorities
The Tax Office website
Other Domestic Resources
Fiscal documentation
Official Journal of the Tunisian Republic (in French)

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Intellectual Property

National Organizations
The National Institute for Standardization and Industrial Property (INNORPI)
Regional Organizations
The World Intellectual Property Organization (WIPO).
International Membership
Member of the WIPO (World Intellectual Property Organization)
Signatory to the Paris Convention For the Protection of Intellectual Property
 

National Regulation and International Agreements

 
Type of property and law Validity International Agreements Signed
Patent
 
Law n° 2000-84 of 24 August 2000
5, 10, 15 or 50 years on request Patent Cooperation Treaty (PCT)
Trademark
 
Law of 23 July 2007
20 years, renewable Trademark Law Treaty
Design
 
Law n° 12 of 9 February 2001
15 years  
Copyright
 
Code of intellectual property
70 years after the death of its author for inheritance tax, 50 years after the first publication for registration fees Berne convention For the Protection of Literary and Artistic Works
Convention for the Protection of Producers of Phonograms Against Unauthorized Duplication of Their Phonograms
Rome ConventionFor the Protection of Performers, Producers of Phonograms and Broadcasting Organizations
WIPO Copyright Treaty
WIPO Performances and Phonograms Treaty
Industrial Models
 
Law N °2001-21 of 6 February 2001 on the protection of designs and industrial models
20 years  

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Legal Framework

Independence of Justice
Yes
Equal Treatment of Nationals and Foreigners
Yes
The Language of Justice
Arabic
Recourse to an Interpreter
Possible
Sources of the Law and Legal Similarities
Tunisian law has various sources: the Constitution, laws voted by Parliament, ministerial decrees and orders, international conventions and treaties ratified by Tunisia. It is largely inspired by French law but also Islamic law.
Checking National Laws Online
The Ministry of Justice
Jurisite Tunisie

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Standards

National Standards Organizations
National Institute of Standardization and Industrial Property
Integration in the International Standards Network
International Standards organization (ISO)
Classification of Standards
NT
ISO 9001
Online Consultation of Standards
The ISO catalog
The NT catalog
Certification Organizations
National Institute of Standardization and Industrial Property

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Business Practices

General Information
Doing business In Tunisia
Opening Hours and Days
Closed on Saturday and Sunday, or only Sunday for shops. Closed for a lunch break, which may be shorter or longer, between 12.30pm and 2.30pm.
During the month of Ramadan and the two summer months (July, August), administrations and companies close in the afternoon.
 

Public Holidays

New Year's Day 1 January
Revolution day 14 January
Aid El Fitr, AID EL IDHA, Mouled ,Ras El Am El Herjri Religious holidays which do not have fixed dates
Independence Day 20 March
Martyrs' Day 9 April
Labor Day 1 May
Republic Day 25 July
Women's Day 13 August
Evacuation Day 15 October
Commemoration Day 7 November
Islamic New Year December
Ramadan Change every year
 
 

Periods When Companies Usually Close

End of year holidays New Year's Day
Summer holidays July or August according to the company.
 

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Last Updates: January 2015