The Tunisian Ministry of Finance Oct. 27 posted online the 2024 draft finance bill. The draft bill includes measures that would: 1) exempt corporate tax and income tax for four years, for covered income of enterprises obtaining an investment permit during 2024 or 2025; 2) exempt taxation of start-up funding through specified investments issued by emerging institutions; 3) increase turnover taxes to 3 percent, from 1 percent, for tourist restaurants and cafes; 4) increase turnover taxes to 5 percent, from 3 percent, for specific cabarets and nightclubs; 5) reduce the VAT rate to 7 percent, from 19 percent, on imported ...
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