The Tunisian Ministry of Finance Dec. 22 posted online the 2024 Finance Law. The law includes measures: 1) exempting corporate tax and income tax for four years, for covered income of enterprises obtaining an investment permit during 2024 or 2025; 2) exempting taxation of start-up funding through specified investments issued by emerging institutions; 3) increasing turnover taxes to 3 percent from 1 percent, for tourist restaurants and cafes; 4) increasing turnover taxes to 5 percent from 3 percent, for specific cabarets and nightclubs; 5) reducing the VAT rate to 7 percent from 19 percent, on imported electric vehicles and motorcycles; ...
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