Tunisia’s Finance Ministry Shares Exciting Plans for 2024

Hey folks! Guess what? The Tunisian Ministry of Finance just dropped some major news! They recently posted the 2024 draft finance bill online, and let me tell you, it’s got some pretty cool stuff in it. So, let’s break it down for you.

First off, if you’re a business owner, you’re gonna love this. The draft bill proposes that corporate tax and income tax be exempted for a whopping four years! But here’s the catch – this only applies to enterprises that get an investment permit in 2024 or 2025. So, if you’re thinking about starting a new venture, now might be the perfect time!

Next up, we’ve got some good news for all you start-ups out there. The bill suggests that start-up funding won’t be taxed if it comes from specific investments issued by emerging institutions. That’s right, you can keep more of your hard-earned cash to fuel your business growth. How awesome is that?

Now, let’s talk about the food scene. If you’re a fan of tourist restaurants and cafes, get ready for a slight change. The turnover taxes for these places are set to increase from 1 percent to 3 percent. Hey, it’s not a huge jump, but every little bit counts, right?

But wait, there’s more! If you’re into cabarets and nightclubs, brace yourself. The turnover taxes for these specific establishments are going up from 3 percent to 5 percent. It’s a small increase, but hey, it’s all part of the plan.

Last but not least, let’s talk about imports. The bill proposes a reduction in the VAT rate on imported goods. Currently, it’s set at a hefty 19 percent, but the plan is to bring it down to a more reasonable 7 percent. That’s definitely good news for all you shopaholics out there!

So, there you have it, folks. The Tunisian Ministry of Finance is making some exciting moves with the 2024 draft finance bill. From tax exemptions to changes in turnover taxes and VAT rates, there’s a lot to look forward to. If you’re a business owner or just someone who loves a good bargain, keep an eye out for these changes. It’s gonna be an interesting year!