Finance law for management 2017
The main innovations introduced by the Finance Law 2017 for management provided by Law No. 78/2016 of 17 December 2016
In the Matter of Corporate Tax and Personal Income Tax
- Establishment of an exceptional temporary contribution for the benefit of the state budget for 2017 (Articles 48 and 49)
- Non-deduction of expenses and VAT related to payments made to tax havens (Article 34)
- Total deduction from the taxable base for donations made to certain beneficiaries (Article 62)
- Encouragement of companies to go public (Article 12)
- Revision of the tax scale on personal income (Article 14)
- Increase in the threshold for deducting interest on savings accounts (Article 13)
- Expansion of the scope of withholding tax on attendance fees (Article 30)
- Exemptions from withholding tax on salary increases for civil servants (Article 15)
In the Matter of VAT, Customs Duties, and TCL
- Expansion and reorganization of the scope of VAT (Articles 16 to 28)
- Penalty related to VAT unduly refunded (Article 35)
- Requirement to display the tax identification number on all documents produced by professionals (Article 31)
- Invoicing for services provided by doctors and private clinics (Article 31)
- Reduction or elimination of customs duties on certain food and agricultural products (Article 56)
- Establishment of a prior declaration obligation upon arrival specifying the contents of the goods to guide customs control (Article 57)
- Exemption of the general customs administration from the obligation to engage a lawyer for appeals, notification procedures, and the deposit of penalties (Article 59)
- Exemption from customs duties and civil protection stickers for vehicles transporting persons with disabilities, military vehicles, and security forces (Article 64)
- Creation of a fund for the financing of SMEs (Article 11)
In the Matter of Registration and Stamp Duty
- Establishment of a supplementary registration fee on acts and judgments related to the transfer of ownership, bare ownership, and usufruct, whether for a fee or as a gift, of properties valued at over 500,000 dinars (Article 29)
Other Provisions
- Extension of the measure to reduce penalties for audits and delays (Article 78)
- Communication of information regarding transactions involving real estate and business assets to the tax administration (Article 32)
- Creation of a tax police (Article 33)
- Simplification of the lifting of banking secrecy (Article 37)
- Assessment of lifestyle elements (Articles 40 and 42)
- Revision of the penalty for failure to file electronically (Article 43)
- Extension of digital payment of taxes to other taxpayers (Article 41)
- Creation of conciliation commissions (Articles 44 and 45)
- Suspension of audit deadlines in case of delays in the submission of accounting records (Article 47)
- Condition the payment of stickers on the payment of traffic fines (Article 53)
- Postponement of employer declaration (Article 76)
- Establishment of a supplementary tax on the transfer of used vehicles, ranging from 50 to 200 dinars, depending on the age and power of the vehicles (Article 75)