Tunisia MOF Issues Note Explaining Tax Deduction on Green Economy Under 2022 Finance Law

The Tunisian Ministry of Finance Jan. 17 posted General Note No. 1/2022, explaining withholding income tax deductions for the green economy under the 2022 Finance Law. The explanation includes: 1) an increase to 10,000 Tunisian dinars (US$3,488) from 5,000 dinars (US$1,744), in the amount of interest on special savings accounts and interest on bond issues deductible from the income tax base income; 2) the allowance of tax deductions of up to 10,000 dinars for interest received from green, socially responsible, and sustainable bonds; 3) the reinstatement of the 20 percent deductible withholding tax due on the income from movable capital; ...