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Tunisian Finance Minister Elyes Fakhfakh has announced that the Government has now launched its planned reform of the country's tax system. Working groups have been set up tasked with putting forward proposals to overhaul and radically modernize Tunisia's outdated tax laws, the Minister explained.
The Government intends to reform direct, indirect, and local taxation, as well as to combat tax evasion, to modernize and streamline the country's tax administration, and to integrate Tunisia's informal economy into the tax system, to ensure that everyone contributes to the state budget. The Government aims to simplify procedures, to improve fiscal transparency, to increase state revenues, and to ensure fiscal and social justice.
Tunisia's tax system has come under increasing criticism for being unfair, complex, and opaque, and for yielding paltry levels of tax revenues. Other objections relate to the disparity between the on-and offshore tax regimes. There is currently a marked difference between the two sectors, particularly in terms of tax advantages. For example, exports currently benefit from 80 percent of all tax incentives.
Experts insist that the country's tax laws are a barrier to investment and fail to stimulate investment in the most vulnerable regions.
The working groups are due to present their findings in October.
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