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Draft 2019 Finance Law will not include new taxes on enterprises or individuals (Youssef Chahed)

Published the:  14/09/2018

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(TAP) -The draft 2019 Finance Law (FL) will not include new taxes on enterprises or for taxpayers, said Friday, Prime Minister Youssef Chahed, pointing out the government's intention to reduce the tax burden on the economic enterprise to help it further invest.

Chahed announced at the opening of the national conference on the economic and social orientations of the draft 2019 FL, that the latter will include fiscal measures to address the problem of taxation in the enterprise and present solutions that will help boost development and investment and limit the phenomenon of informal economy, while improving tax payments.

It will also encourage the creation of enterprises and jobs with the continuation of the exemption from payroll tax or corporate tax for 4 years, from the date of effective entry in activity.  I

He added in this regard, that the government is currently revising the tax rates on enterprises with a view to ensuring the competitiveness of enterprises operating in Tunisia and to boost Tunisia's position as an investment destination, by granting priority to high value-added, high employment capacity and exporters, via corporate taxes of 13% for achieved gains as of January 1, 2021.

Chahed said that the goal is to achieve growth-friendly taxation that improves competitiveness and helps identify the informal sector as much as possible.

He indicated that a credit line on favourable conditions will be set up for the benefit of SMEs that will benefit from a reduction in the interest rate by two points, especially that this category of enterprises has been negatively impacted by the interest rate increase, raising their debts.

He added that the next period will witness an impetus in the e-commerce sector, through a preferential tax regime to develop the sector and limit liquidity.

As part of fight against tax evasion, Chahed underlined that the establishment of a preferential tax regime for traders is underway.

He specified that the government has worked over the last two years to balance public finances as a fundamental condition for national economic recovery.  

    He recalled that the budget deficit rate reached 7.4% in 2016 and stood at 4.9% at the end of the first half of this year, thanks to the measures taken in the 2017 budget law. and 2018.

      "The government believes that the recovery of the national economy requires a higher growth rate to face the challenges, including the reduction of the unemployment rate," he said