Tunisia

Overview

Last reviewed - 07 February 2020

Tunisia, officially the Tunisian Republic, is the northernmost country in Africa. It is a Maghreb country and is bordered by Algeria to the west, Libya to the southeast, and the Mediterranean Sea to the north and east. Its area is almost 165,000 square kilometres, with an estimated population of just over 11.5 million. The capital of Tunisia is Tunis.

Modern Standard Arabic is the official language, but Tunisian Arabic is the local vernacular and is considered Tunisia's native language.

The currency is the Tunisian dinar (TND).

In 1869, Tunisia declared itself bankrupt, and an international financial commission took control over its economy. In 1881, the French invaded with an army and forced the Bey to agree to the terms of the 1881 Treaty of Bardo (Al Qasr as Sa'id). With this treaty, Tunisia was officially made a French protectorate.

Tunisia achieved independence from France in 1956 led by Habib Bourguiba, who later became the first Tunisian President. In November 1987, doctors declared Bourguiba unfit to rule and, in a bloodless coup d'état, Prime Minister Zine El Abidine Ben Ali assumed the presidency. He and his family subsequently, further to an intensive campaign of civil resistance, were accused of corruption and plundering the country's money and fled into exile in January 2011.

Tunisia has a diverse economy, ranging from agriculture, mining, manufacturing, and petroleum products to tourism.

Agriculture is a key sector of the Tunisian economy. It provides nearly 10% of the gross domestic product (GDP) and employs almost 15% of the workforce. These performances are the result of major support and modernisation efforts of agricultural and rural activities. The industrial sector accounts for a little less than 30% of GDP and employs one third of the active population. The textile industry is relatively undermined by Asian competition. Tunisian industries are mainly oriented towards export. The local economy is largely focused on services that account for more than 60% of GDP and employs just over half of the labour force. The services sector includes ICT (Information and Communication Technologies) and the tourism industry.

The World Bank Report ‘Doing Business 2020’, which highlights the factors determining the ease of doing business, ranked Tunisia 78th out of a total of 190 countries.

The World Bank Report ‘Doing Business 2019’, which highlights the factors determining the ease of doing business, ranked Tunisia 80th out of a total of 190 countries.

The European Union (EU) is Tunisia's largest trading partner, accounting for 64% of its trade in 2017: 78.5% of Tunisia's exports went to the European Union, and 54.3% of Tunisia's imports came from the European Union. Tunisia is the European Union’s 34th trading partner, representing 0.6% of the EU’s total trade with the world.

PwC Tunisia is the leading firm in Tunisia in terms of total revenues and total number of professional human resources. PwC Tunisia has 230 employees, including 8 Partners and 20 support staff.

The assurance services we provide are those related to the financial statement audit (legal or statutory audit). The advisory services we provide are those related to performance improvement, risks and regulatory, transactions, tax, and legal.

The tax services provided by the tax department include the following:

  • Publication of briefs and newsletters with regard to the main modifications occurring in Tunisian tax laws.
  • Advising clients with regard to tax benefits and advantages available in accordance with current tax laws.
  • Tax consultancy services: Providing clients with written answers to oral or written questions relating to Tunisian tax matters and tax assistance in the event of negotiations of local and international contracts.
  • Tax structuring: Assessing and managing acquisition/merger risk and defining the optimal structure from a tax point of view.
  • Tax compliance services: Advising and assisting clients in the preparation of monthly, quarterly, and annual tax returns.
  • Tax due diligence: Providing clients with a preliminary tax position of the target and helping them to identify any tax risk to include within the valuation or to consider in Agreement negotiation.
  • Assisting our clients in the preparation of correspondences to be submitted to the tax authorities (e.g. refund request, exemption certificate). We also assist our clients during all the stages of the tax audit through drafting the answers to the tax audit results notification (and to the Tax Administration response), assisting our clients for the discussion with the tax authorities of the notification elements of response, and for drafting opposition to the ‘Taxation d’office’, if any.
  • Audit of the tax situation of the client, with regard to all due taxes and obligations. This audit is to be carried out each year before the expiration of the filing date of the yearly corporate tax return.
  • Assisting our clients in the preparation of transfer pricing documentation.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%) 25
Corporate income tax (CIT) due dates
CIT return due date 25 March;
25 June for public liability companies and private liability companies subject to statutory audit.
CIT final payment due date 25 March or 25 June, depending on the due date of filing tax return.
CIT estimated payment due dates 28 June, 28 September, and 28 December.
Personal income tax (PIT) rates
Headline PIT rate (%) 35
Personal income tax (PIT) due dates
PIT return due date See Tunisia's individual tax summary for PIT return due dates.
PIT final payment due date See Tunisia's individual tax summary for PIT final payment due dates.
PIT estimated payment due dates See Tunisia's individual tax summary for PIT estimated payment due dates.
Value-added tax (VAT) rates
Standard VAT rate (%) 19
Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy) Resident: 10 / 0 or 20 / 5 or 15;
Non-resident: 10 / 10 or 20 / 15 or 25
Capital gains tax (CGT) rates
Corporate capital gains tax rate (%) Capital gains are subject to the normal CIT rate.
Individual capital gains tax rate (%) See Tunisia's individual tax summary for capital gain rates.
Net wealth/worth tax rates
Headline net wealth/worth tax rate (%) NA
Inheritance and gift tax rates
Inheritance tax rate (%) 35
Gift tax rate (%) See Tunisia's individual tax summary for gift tax rates.

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.