- As plans to beef up the nation’s budget, the prime ministry identifies the need to ensure a transparent tax system.
- Laws guiding the remittance of Value Added Tax, VAT remains a major focus
In its promise to implement reform programmes in Tunisia, the Prime Ministry in a recent public release has assured that the country will now look into improving tax laws in the country. This intention by the Prime Ministry is in a bid to improve the nation’s revenue collection capacity.
The ability to increase revenue and not burden operators in the economy ranks top of the reason why the Prime Ministry want to run a reformed and transparent tax system to ensure that the promotion of private investment is ensured.
Tunisia’s Prime Ministry Explains Further Rationale Behind Reform
The reform as explained by the ministry will further preserve the rights of the taxpayer and vigorously reduce private investment capable of ensuring better fortunes for various economic actors.
Fighting tax vices like tax evasion, ensuring the expansion of the tax net, implementing more tax incentives, digitalization of the tax process and streamlining tax processes are other pertinent issues to be featured by the proposed reform.
The Prime Ministry emphasized the issue of streamlining the tax system in such a way that it integrates accounting legislation, and taxes paid with a focus on simplifying the Value Added Tax administration by reducing the rates and adding efficiency to refunding VAT credit.
The all-encompassing tax reform proposal did not spare issues surrounding pollution with the proposal introducing extra tax and levies over polluting activities and energy products alongside streamlining all taxes in this sector to the ‘Cabon Duty’.
