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Corporate - Significant developments
Last reviewed - 13 December 2024Revision of Corporate Income Tax rate:
The Finance Law for 2025 revises the Corporate Income Tax rates as follows:
|
Companies |
Revenue realised before 01-01-2024 |
As from 01-01-2025 (revenue realised as from 01-01-2024 to be declared in 2025) |
Comments |
|
General common CIT rate |
15% |
20% |
|
|
- Companies carrying out craft activities, agricultural and fishing activities, |
10% |
10% |
No change |
|
- Banks (including Islamic banks) and financial institutions such as leasing companies, factoring companies, and investment banks, including non-resident banks and financial institutions according to the foreign exchange regulation, except payment institutions. |
35% |
40% |
|
|
- Payment institutions,
(refer to section "CIT rates" for the complete list) |
35% |
35% |
No change |
Revision of the PIT progressive scale regarding revenue realised as from January 1st, 2025 :
The Finance Law 2025 revises the personal income tax (PIT) scale as follows:
|
Revenue range |
Rate up to 2024 |
Rate as from 01.01.2025 |
|
0 à 5.000 Dinars |
0% |
0% |
|
5.000,001 à 10.000 Dinars |
26% |
15% |
|
10.000,001 à 20.000 Dinars |
25% |
|
|
20.000,001 à 30.000 Dinars |
28% |
30% |
|
30.000,001 à 40.000 Dinars |
32% |
33% |
|
40.000,001 à 50.000 Dinars |
36% |
|
|
50.000,001 à 70.000 Dinars |
35% |
38% |
|
Au-delà de 70.000 Dinars |
40% |
Establishment of a Conjunctural Contribution for the State Budget for FY 2025:
The Finance Law 2025 has instituted a conjunctural contribution for the state budget. This contribution is set at a rate of 2% of the FY24 taxable income to be declared in 2025. It applies to companies having in 2023 an annual turnover equal or exceeding 20 million Tunisian dinars (TND) excluding VAT, and that are subject to CIT at the rate of 15% in 2023.
Establishment of a conjunctural contribution for the benefit of the state budget for the fiscal years (FYs) 2024 and 2025
The Finance Law for 2024 instituted a conjuncture contribution for the benefit of the state budget for the years 2024 and 2025. Such contribution is due at the rate of 4% of FY23 and FY24 taxable income (with a minimum of 10,000 Tunisian dinars [TND]) by banks, financial establishments (leasing companies, factoring companies, investment banks), and insurance and reinsurance companies.
Non-Compliance with Mandatory Electronic Invoicing
The Finance Law for 2025 provides penalties for non-compliance with electronic invoicing, effective as from July 1, 2025.
Electronic invoicing is mandatory for companies subject to VAT that are governed by the Directorate of Large Enterprises (DGE) for transactions with the state, local authorities, public institutions, and public enterprises, as well as for the sale of medicines and hydrocarbons between professionals, except for retail traders.
Penalties are detailed as follows:
- A fine ranging from 100 DT to 500 DT per invoice for any person issuing paper invoices for transactions that are mandatory for electronic invoicing without the total amount of the fine for all invoices exceeding 50,000 dinars.
- A fine of 20% of the value of goods transported for any person who transports goods not accompanied by invoices, or copies of electronic invoice, with a minimum fine of 500 DT.
Also, a fine ranging from 250 DT to 10,000 DT is already provided by the tax rights and procedures code for any person who issues invoices or fee notes without complying with the mandatory information provided by the VAT code.
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