The main changes introduced by the Finance Act for 2014, provided for by Act No. 54/2013 of 30 December 2013:
Personal income tax (IRPP) and corporate tax (IS)
- Reducing the corporate profit tax rate and taxing export income and profits
- Subjecting dividends distributed to individuals to a withholding tax
- Revision of the minimum tax
- Easing the tax burden on low incomes and increasing deductions for disabled children and students
- Rationalising commercial transactions concluded in cash
- Facilitating the application of withholding tax and improving its collection
- Increasing the net taxable profit of non-commercial activities for flat-rate taxpayers from 70% to 80% of their gross receipts
- Ending the exemption of royalties paid by fully exporting companies to non-residents not established in Tunisia
- Encouraging long-term saving in life insurance
- Rationalising the deduction of charges
- Increasing the withholding-tax rate on amounts paid to residents in tax havens
- Rationalising the benefit of the flat-rate regime
- Widening the scope of the tax on real estate capital gains
VAT, customs duties and local tax (TCL)
- Exempting companies operating in the cultural sector from VAT
- Reducing the VAT rate from 18% to 6% on paper used for printing magazines
- Deducting the VAT used to regularise turnover
- Applying an administrative fine for tax-suspended sales without a stamped order form
- Ending the VAT suspension on services provided by private clinics and polyclinics and public medical institutions to non-residents
- Widening the scope of the tax on industrial, commercial or professional establishments to the entire turnover
- Rationalising preferential regimes for acquisitions by real estate developers
Tax rights and procedures, and incentives
- Allowing tax services access to IT programs, applications and systems
- Incentives to create SMEs
- Continuing the incentive for companies located in priority regional development zones
- Measures to promote employment
- Applying the penalty for understating invoiced amounts to the overstatement of those amounts
- Widening the scope of automatic tax-assessment decisions
Miscellaneous measures
- Strengthening the resources of the compensation fund (MEASURE SUSPENDED)
- Introduction of a tax on real property
- Increasing the tax on hazardous businesses
- Introducing the tax regime for Islamic Sukuk
