Tunisia: Lawmakers pass proposal to levy 3% special tax on insurers
Source: Middle East Insurance Review | Jan 2020
Tunisia’s People’s Assembly has passed a proposal to impose a special tax of 3% on the taxable income of insurers and banks for the benefit of social funds.
The tax, set at a minimum of TND5,000 ($1,757), took effect in early January 2020, according to local media reports.
The proposal was added to articles in the draft finance law for the year 2020.
In the 2020 draft finance law, the government aims to promote investments and social and public services. The finance law also aims to establish the tax regime of takaful, taking into account the specific features of the business. M
TND1 = $0.35