Finance law 2013
Main Innovations Introduced by the Finance Law for Management 2013 as Provided by Law No. 27/2012 of December 29, 2012
REGARDING PERSONAL INCOME TAX AND CORPORATE TAX
- One-year extension of the deduction for profits from exports
- Extension of the deadlines for utilizing funds made available to mutual investment funds and venture capital companies (SICAR)
- Expansion of the deduction scope for provisions from the taxable base
- Consideration of the deduction for dependent disabled children pursuing higher education in the calculation of withholding tax
- Reinstatement of the advance tax on purchases for individuals not subject to the real taxation regime
- Simplification of the procedures for transferring income and profits abroad
- Extension of withholding tax to non-commercial professions subject to the flat-rate taxation regime
- Application of withholding tax on capital gains from real estate to non-commercial professions under the flat-rate taxation regime
- Inclusion of tax credits, losses, and deferred amortizations in tax judgments
MEASURES REGARDING VAT, CUSTOMS DUTIES, AND TCL
- Reduction of the TCL for companies selling products with prices subject to administrative control
- Extension of the VAT suspension for maintenance operations in the air transport sector
- Establishment of a list of agricultural and fishing services eligible for VAT exemption
- Requirement to communicate the list of purchases under VAT suspension
- Requirement to communicate the list of sales under VAT suspension
- Extension of the 50% withholding tax on VAT for real estate and businesses
- Streamlining the calculation basis for consumption tax for companies with a dependency relationship with warehousers and wholesalers of alcoholic beverages and wines
- Improvement of the collection of the tax on built properties
- Revision of the customs duty amount for import services
- Streamlining the benefits of VAT suspension
MEASURES REGARDING TAX RIGHTS AND PROCEDURES AND INCENTIVES
- Fixed registration fees for transfers of agricultural land intended for investments by young farmers
- Revisions of stamp duties and the method of applying the tax stamp on certain administrative documents
- Revision of registration fees for corporate acts and economic interest groups
- Revision of the registration regime for contracts and tenders
MEASURES REGARDING INCENTIVES
- Incentives for the creation of SMEs
- Extension of the tax amnesty provided by the supplementary finance law for the year 2012 to partnerships and similar entities
- Granting of tax benefits within the framework of the specific social housing program
- Enhancement of tax privileges granted to Tunisians residing abroad for projects they undertake in Tunisia
MEASURES REGARDING TAX RIGHTS AND PROCEDURES
- Clarifications regarding taxpayers' tax obligations
- Strengthening mechanisms to combat tax evasion
- Establishment of the principle of no preliminary checks during another preliminary check or a comprehensive audit
- New rules that may lead to the rejection of accounting during a comprehensive audit
- Clarification of the address retained for notifications and requests from the tax administration
- Extension of the obligation for electronic declaration and settlement to certain activities
DIVERSE MEASURES
- Creation of a cooperation fund among local authorities
- Exemption of severance pay from the TFP and FOPROLOS
- Streamlining the minimum amount for tax collection
- Strengthening the resources of the general compensation fund
- New resources for the tourism competitiveness development fund
- Revision of rates for the property capital gains tax