As part of the activities of the Council of Mixed Chambers (CCM), the members of the various bilateral chambers were invited to attend, on Tuesday, January 9, 2018, a breakfast debate on the main provisions of the new Finance Act 2018. presence of the Minister of Finance, Ridha Chalghoum and his team within the Ministry of Finance.
The Minister emphasized in his speech the importance of the stability of the fiscal framework and legal regulation. As a result, he highlighted the support mechanisms provided by the 2018 Finance Law to promote SMEs, key businesses in the Tunisian economy, as well as the measures taken to boost regional development zones.
Ms Sihem Nemsia, General Director of Studies and Tax Legislation, presented the 2018 Finance Law in detail and also responded to the concerns expressed by all investors regarding the increase of various tax rates, in particular the rate of VAT and corporate taxes and the vagueness surrounding tax measures, modified every year. Mr. Maher Kharrat, Comptroller General at Customs, who answered critical questions about new customs procedures, considered harmful to attract foreign investment.
Mr. Foued Lakhoua, President of the Tuniso-French Chamber of Commerce and Industry and President of the CCM, stressed the importance of putting in place measures guaranteeing the stability of the fiscal framework and encouraging investment, thus enabling the revival of 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 Tunisians could impose attractive investment internationally.
Finally, closing the conference, the President of the AmCham Tunisia, Mr. Naceur Hidoussi, focused on the IT sector, sector of the future, which is likely to be sanctioned strongly by the increases of taxes relating to this branch.
The Council of Mixed Chambers consists of the Tuniso-French, Tuniso-German, Tuniso-Italian, Tuniso-British, Tuniso-Swiss, Tuniso-Belgo-Luxembourgeoise, TunisoAmerican, Tuniso-Japanese, Tuniso-Dutch, Tuniso-Spanish, Tuniso Chambers -Polish, TunisoScandinave, Tunisian-Canadian, Tunisian-Chinese and Tunisian-Swedish.