Finance Law 2024
The main provisions introduced by Act no. 13 of December 11, 2023 on the Finance Act for the year 2024 are as follows :
Corporate and personal income tax
- Creation of a national fund for national education reform (art 15)
- Encouraging business start-ups and private initiative (art 33)
- Encouraging individuals to save by subscribing to government-issued securities (art. 34)
- Encouraging startup financing (art 36)
- Deduction of income and profits reinvested in issue premium paid-in capital (art 37)
- Support for the green economy and sustainable development (art. 48 to 50)
- Introduction of an exceptional contribution for banks and financial institutions (art 64)
- Promotion of initial public offerings and financial market incentives (art. 35)
VAT, customs duties and Tax on building
- Deferral of application of the 19% value-added tax rate on sales of housing by real estate promoters (art 39)
- Exceptional tariff procedures on a list of imported products of Turkish origin (art 44)
Registration and stamp duty
- Rationalization of the progressive-rate registration advantage for land acquisition (art 53)
- Revision of vehicle registration fees (art 68)
Other provisions
- Facilitating the regularization of tax debts and omissions (art. 58 and 59)
- Reduction in penalties for late payment of taxes and customs duties (Art 61)
- Extending the scope of the compensation fee and revising its rates (art. 45)
- Revision of hotel tax for foreigners (art 46)
- Introduction of a tax on milk derivatives (art 47)
- FCR benefits granted to Tunisians resident abroad every 10 years (art 24)
- Introduction and generalization of the carbon tax (art 51)
- Support for tax authorities' right of access (art 54)
- Reconsideration of the work of the commission for the review of taxation orders (art 57)
- Revision of monthly declaration filing deadlines (art 69)
- Transfer of frozen funds to Tunisian treasury accounts (art 65)
- Qualification of heads of control offices to issue taxation orders relating to defective tax returns