Exceptional Tax Measures To Support Tunisian Companies In Difficulty

by Lorys Charalambous, Tax-News.com, Cyprus

17 June 2009

Eager to remain in tune with current national and international economic and financial developments, Tunisia’s Council of Ministers met recently to examine the 2009 Complementary Finance Bill. Contained in the bill are exceptional tax measures, designed to benefit companies facing financial difficulties as a direct result of the global economic crisis.

During the meeting, the Council considered a bill amending and completing the law setting out the specific economic support measures for companies to enable them to continue their activities. The key aim of the bill is to extend the period of application for these measures, to fine-tune existing initiatives, and to enlarge the scope of intervention to meet current needs.

In a bid to attract financial institutions of world renown to Tunisia, the Council also examined a bill updating the law pertaining to non-resident banks operating in Tunisia. Designed to improve working conditions for non-resident banks, the bill also aims to lay the foundations for a new project, the “Financial Port of Tunis”.

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