Taxation of international executives
Are there social security/social insurance taxes1 in Tunisia? If so, what are the rates for employers and employees?
Employer and employee
|Type of insurance||Paid by employer||Paid by employee||Total|
Are there any gift, wealth, estate, and/or inheritance taxes2 in Tunisia?
In Tunisia, there is no specific inheritance and gift tax. However, inheritance and gifts are subject to registration duties.
Are there real estate taxes in Tunisia?
VAT is due on all transactions taking place in Tunisia. The sale of goods is considered as taking place in Tunisia and thus subject to VAT if the goods sold are delivered in Tunisia. The sale of services is considered as taking place in Tunisia and thus subject to VAT if the services sold are exploited or used in Tunisia.
The standard rate of VAT is 19 percent. Lower rates of 7 percent and 13 percent apply to specifically designated operations.
Are there unemployment taxes in Tunisia?
There is no unemployment tax in Tunisia.
Are there additional taxes in Tunisia that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
Tunisia’s Budget Law for 2018 enacted a Solidarity Social Contribution to finance social security fund. The new measures took effect on 1 January, 2018.
For natural person, the contribution corresponds to the difference between the personal income tax calculated based on the current tax rates and the personal income tax calculated on the bases of the later tax rates increased by 1 percent as follows:
|Income bracket (Annual)||Current Tax rates||Current Tax rates increased by 1%|
|TND0 to 5000||0%||1%|
|TND5000,001 to 20,000||26%||27%|
|TND20,000,001 to 30,000||28%||29%|
|TND30,000,001 to 50,0000||32%||33%|
The contribution is withheld and paid in the same time and under the same conditions as those applicable to the personal income tax or corporate tax. This contribution is not deductible for income tax or corporate tax purposes.
Non-resident individuals entiteled to 20 percent flat rate are not subject to the social solidarity contribution.
Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/territory’s fiscal or banking authorities?
Tunisian residents in terms of FX reglementation have to declare to the Central Bank of Tunisia the foreirgn accounts they own abroad.
1Tunisian Labor Code of 1956 and subsequent amendments.
2Tunisian Income Tax Act of 1989 (Law 89-114 of 30 December 1989) and subsequent amendments.
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