The main changes introduced by the Supplementary Finance Act for 2014, provided for by Act No. 54/2014 of 19 August 2014, mainly concern:
Personal income tax (IRPP) and corporate tax (IS)
- Exemption from late-payment penalties for amended returns filed before 31 December 2014
- Incentive to register with the tax system
- Simplified accounting for non-commercial professions
- Rationalising tax collection from non-commercial professions
- Extending the effects of Article 1 of Act 2010-29 of 7 June 2010 on reviving the financial market
- Encouraging investment
VAT, customs duties and registration duties
- Encouraging investment by reducing the cost of acquiring the necessary equipment
- Harmonising the tax regime of multi-purpose vehicles
- Rationalising the VAT-exemption procedures for paper intended for printing newspapers
- Increasing stamp duties on certain deeds according to the new tariff
- Requiring, for the registration of property and business-asset sale or lease contracts, the submission of tax receipts for the last three financial years
- Suspending the 25% increase in the VAT base for operations on the local market from 1 January 2015 (Art. 6, paragraph I of the VAT code)
- Suspending the 25% increase in the VAT base for a list of imported products
- Reducing the consumption duty on marble and other building and cladding stones
- Suspending VAT on the acquisition of goods as donations within the framework of international cooperation
Miscellaneous measures
- Measures against tax evasion (lifting of banking secrecy)
- Contribution to the State budget for 2014 by all natural persons of Tunisian nationality and legal entities subject to corporate tax
- Repeal of certain provisions of the 2014 Finance Act
- Allowing the amicable settlement of tax disputes
- Payment of a fine equal to 20% of the value of goods in transit seized without an invoice, with a minimum floor of 500 dinars
- Possibility for individuals to carry out manual currency-exchange transactions, subject to an implementing decree
- Confiscation of amounts of 10,000 dinars or more whose source is unjustified
Social measures
- Exempting individuals earning agricultural or fishing income under Article 23 of the IRPP and IS code from the 1.5% withholding tax
- Reducing the VAT rate from 18% to 12% on low-voltage electricity for domestic use and on low- and medium-voltage electricity used to operate agricultural-irrigation water-pumping equipment, as well as petroleum products
- Exempting smoking-cessation aid products from customs and consumption duties and subjecting them to VAT at 12%
- Exempting loan contracts granted by the BTS from registration duties
Miscellaneous provisions
- Reducing the age of vehicles benefiting from tax advantages for Tunisians living abroad when carrying out or taking part in a project, from 7 to 5 years
- Creation of a fund for restructuring and modernising the banking sector
- Aligning the provisions of tax rights and procedures with administrative-penalty procedures by subjecting them to the litigation procedures followed for automatic tax assessment
- Levying a 1% duty for the State treasury on any cash payment to public accountants exceeding 10,000 dinars
- Updating the stamp duty on foreign-currency export declarations to TND 10 instead of TND 3
- Mandatory publication of information by customs
Supplementary Finance Act 2014 (PDF)