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Tunisian industrialist should enjoy tax benefit as part of 2019 finance bill (Tarek Cherif)

The Tunisian industrialist who does not have any advantage will benefit, as part of the finance for the 2019 financial year, from a tax advantage or a bonus of 2 to 3% of the interest rate applied on bank credits, said Tarek Cherif, president of the Confederation of Tunisian Citizen Enterprises,(CONECT).

In a statement to TAP, the official recalled that the Tunisian industrialist who faces several problems (heavy administrative management, funding problems, personnel management …) and traders should not be subject to the same tax regulations.

The President of CONECT also emphasised the need to reduce government spending, especially those related to the administration and to quickly restore public enterprises that weigh heavily on the state budget.

“Some companies will have to be sold, others need the reduction of state participation and some will have to be closed,” he said.

He added that these lost amounts can be used to improve public services in the sectors of education, health and transport. For Cherif, “the current public sector management strategy can lead to the bankruptcy of the country,” he said.

Regarding the development of the competitiveness of Tunisian companies, Cherif reminded that the company controls only 40 to 50% of the costs of its finished product, the rest concerns the costs of insurance, banking, logistics, taxation and transportation; hence the need to foster a favourable climate in order to achieve a globally recognised level of competitiveness.

CONECT has just presented to the President of the Republic, the Prime Minister, Speaker of the House of People’s Representatives its suggestions concerning the 2019 Finance bill.

The proposals focus in particular on economic recovery, the promotion of investment and exports, the re-industrialisation of the country, the encouragement of productive activities in strategic sectors, the creation of jobs and the improvement of the level of competitiveness of enterprises and the national economy.

TunisianMonitorOnline (TAP)

 

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