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Tunisia-Investment Incentives Code
Section-IX
Encouragement of Supporting Investments
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Article-49 : *

Investments made by institutions for the training of children, education, teaching, scientific research and professional training and establishments for cultural production and the co-ordination of young people, and by health and hospital entities, give entitlement to the following tax incentives:

1. Exemption from customs duties and taxes with a similar effect, suspension of value added tax and consumption duty for imported equipment with no locally manufactured equivalent which is necessary for the realisation of those investments, as well as suspension of value added tax on equipment manufactured locally.

The conditions governing entitlement to this benefit are fixed by decree.

2. Subject to the provisions of Articles 12 and 12 bis of Law n 89-114 of 30th December 1989 promulgating the Code for income tax on natural persons and companies tax, subscription to the company's initial capital or its increase gives entitlement to deduction of the incomes or profits invested up to the limit of 50% of the net incomes or profits liable to income tax on natural persons or companies tax.

Investments made by those companies also give entitlement to deduction of the profits invested in the company itself up to the limit of 50% of the net profits liable to companies tax. Entitlement to these benefits is subject to adherence to the conditions envisaged by Article 7 of the present Code.

3. Deduction of the incomes or profits originating from those activities from the taxable basis of income tax on natural persons or companies tax, subject to the provisions of Articles 12 and 12 bis of Law n 89-114 of 30th December 1989 promulgating the Code for income tax on natural persons and companies tax. This benefit is granted to companies in existence before the present Code was promulgated and as from 1st January 1994.

Article-50 : *

Investments made in the sector of the international carriage of goods by road, and the transport of goods by sea and air, give entitlement to exemption from customs duties and taxes with a similar effect, suspension of value added tax for imported equipment with no locally manufactured equivalent which is necessary for those investments and which have no locally- manufactured equivalent, as well as suspension of value added tax on equipment manufactured locally.

Investments made in transporting people by road also give entitlement to a 10% reduction in customs duties, suspension of value added tax and consumption duty on imported equipment with no locally-manufactured equivalent necessary for the realisation of those investments and suspension of value added tax on equipment manufactured locally, execpt for passenger cars other than those intended for touring the Sahara and tourists hunting game in mountainous regions.

The list of this equipment and the conditions governing entitlement to this benefit are fixed by decree.

Article-51 : *

Projects carried out by property developers concerning the social habitat, the development of zones for agricultural, tourist and industrial activities, and the construction of buildings intended for industrial activities, give entitlement to the deduction of 50% of the incomes or profits originating from those projects from the taxable basis for income tax or companies tax.

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