Finance law 2012
The main new measures introduced by the finance law for the management of 2012 , as provided by law n°7/2011 of December 31, 2011
REGARDING IRPP AND IS
- Extension of the tax amnesty
- Support for companies affected by events following the revolution
- Facilitation of tax collection methods applied to non-residents
- Establishment of a tax advance on income and a tax advance on corporate profits, without prior control
MEASURES REGARDING VAT, CUSTOMS DUTIES, AND TCL
- Reduction of the VAT rate for the public transport sector
- Adaptation of VAT applied to associations, in accordance with decree n°88 of September 24, 2011
- Reduction of customs duties due on imports
MEASURES REGARDING TAX RIGHTS AND PROCEDURES, AND INCENTIVES
- Encouragement of small and medium enterprises
- Taxation of certain capital gains from the sale of shares
DIVERSE MEASURES
- Suspension of tax review deadlines
- Establishment of a specific tax regime for Islamic finance
- Compensation for citizens who have pledged their jewelry
- Improvement of public finances