The 2024 Finance Bill includes 43 fiscal and financial chapters aimed at mobilising resources for the State budget, including in particular the creation of two special accounts and the allocation of the necessary financial resources to the Packaged Olive Oil Promotion Fund and the Export Promotion Fund.
As part of the finance bill 2024, which will be presented to the committees of the Assembly of People's Representatives (ARP) before its approval, the government has grouped these measures under several headings related to upholding the social role of the State, guaranteeing the market supply of basic products, materials and supporting agriculture, fisheries and water resources sectors.
The government is proposing a package of measures to support the financial integration of small and medium-sized enterprises, encourage savings and stimulate investment under a series of chapters ranging from articles 23 to 32, in addition to the creation of alternative mechanisms for financing compensation expenditure by broadening the scope of the compensation fee, revising its percentages, as well as taxes on hotel stays by foreign tourists.
In order to support the financing of the dairy industry, Article 35 of finance bill 2024 provides for the introduction of a tax on locally produced milk-derived products intended for local consumption or export, with the exception of yoghurts.
In its draft law, the government has also introduced measures to support the green economy and sustainable development, based on encouraging institutions to use alternative and renewable energies (Article 36) and encouraging the financing of projects in the green economy (Chapter 37).
The government plans to combat tax evasion and integrate the informal economy through 5 articles, ranging from article 40 to 44, which aim to rationalize the tax advantage granted for the registration of land purchases for the construction of individual residential properties, by supporting the right of access granted to the tax authorities and by revising the customs duties on certain types of fruit.
A package of measures aimed at improving tax compliance and providing guarantees to taxpayers will generate resources for the State budget, in particular by reducing the tax burden on taxpayers in the form of taxes on built property and taxes on vacant land, and by increasing administrative tax fines.
In addition to the transfer of frozen funds to the accounts of the Tunisian Public Treasury, the government is also calling for the introduction of a measure to create a provisional tax for the benefit of the state budget for the years 2024 and 2025.
The finance bill 2024 includes a number of other measures, covering articles 51 to 54, relating to several areas, including the monthly filing deadlines.
Source: Agence Tunis Afrique Presse