The members of the Mixed Chambers Council attended, on Tuesday, January 9, 2018, a breakfast debate on the main provisions of the new Finance Act 2018 with attendance of Minister of Finance Ridha Chalghoum and his team within the Ministry.
Taking the floor, the Finance Minister emphasised the importance of the stability of the fiscal framework and legal regulation. He highlighted the support mechanisms provided by the 2018 Finance Law to promote Small and Medium-Sized Enterprises (SMEs), the key business companies in the Tunisian economy, as well as the measures taken to boost regional development zones.
General Manager of Studies and Tax Legislation Sihem Nemsia reviewed the 2018 Finance Law in detail and responded to the questions expressed by all investors about the increase of various tax rates, including the rate of value-added tax (VAT) and corporate taxes and the lack of clarity around tax measures, modified every year.
President of the Tunisian-French Chamber of Commerce and Industry and President of the Mixed Chambers Council Foued Lakhoua, stressed the importance of taking measures guaranteeing the stability of the fiscal framework and encouraging investment in order to help vitalise the economic activity in Tunisia.
Mr. Ferdinand Terburg, Vice-President of the Tunisian-German Chamber of Industry and Commerce, stressed the need for investors to have access to solid and reliable regulations so that Tunisia stands out as an attractive investment site worldwide.
Closing the conference, President of the Tunisian-American Chamber of Commerce (AmCham), Naceur Hidoussi, placed emphasis on the Information Technology (IT) sector, a sector for the future which is likely to be strongly sanctioned by the increases of taxes relating to this branch.
The Mixed Chambers Council is made up of the Tunisian-French, Tunisian-German, Tunisian-Italian, Tunisian-British, Tunisian-Swiss, Tunisian-Belgian-Luxembourg, Tunisian-American, Tunisian-Japanese, Tunisian-Dutch, Tunisian-Spanish, Tunisian-Polish, Tunisian-Scandinavian, Tunisian-Canadian, Tunisian-Chinese and Tunisian-Swedish Chambers of Commerce.