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(TAP)- The new law on tax benefits will exempt investors, in 70% of the country, from payment of taxes for 5 to 10 years, depending on the geographical position of the region, said on Thursday in Bardo, Minister of Finance Slim Chaker.
He added, during a hearing session organized by the Committee of Finance, Planning and Development of the House of the People's Representatives, on the revision of the tax system, that this law will impose 10% of tax on companies instead of 25% at present. "
Chaker said the bill on tax benefits prepared in parallel with the investment code is "a strong message to investors" to encourage them to contribute to the achievement of the five-year plan of development goals (2016-2020) " .
The minister also announced the exemption of investment activities in the sectors of agriculture and fishing for 10 years, cancellation of export taxes in inland areas for 5 to 10 years imposing 10% tax on exports in other regions in addition to the exemption granted to investors who reinvest their profits until 2025.
He added that tax will be of 10% for priority sectors and high value-added sectors whose employment capacity leaped like manufacture of spare parts for aircraft and pharmaceutical industries as well as the sectors of health, education, recreation, and stadiums.
For Chaker, the tax benefit is a secondary element in the promotion of investment, noting that the investor rather gives great importance to security, human resources and basic infrastructure (roads, ports, airports, lighting, water, telecommunications), and compliance with laws and administration.
© Tunis-Afrique Presse 2016
