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18-10-18
Tunisia cuts corporate tax to 13.5 percent
(MENAFN) Tunisia was declared to be cutting the corporate tax in the country down to 13.5 percent from its previous 25 percent, under a new financial law.
The corporate tax cuts are to affect exporting industrial institutions, institutions of a high VAT, and operational and exporting institutions.
The reduction plan was passed by the Tunisian cabinet, referring it to the parliament for a debate and then a vote.
The new law covers several major actions which look to endorse economic institutions along with encouraging investment.
The measures the law requires also seek to unify the tax system between export businesses and domestic companies.
MENAFN1810201800450000ID1097585102
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