CORPORATE TAXES

INTRODUCTION
Tunisian-resident companies are subject to CIT in Tunisia on the basis of profits
generated from permanent establishments (PEs) located in Tunisia and those
attributable to Tunisia by virtue of a double tax treaty (DTT). Non-Tunisian-resident
companies are subject to CIT on the basis of their Tunisian-sourced income.

CIT is broadly levied on the total net income resulting from the statutory financial
statements of the company, duly adjusted according to the specific tax rules.
CIT RATES
The Finance Law 2021 amended the CIT rates applicable in Tunisia as follows:
The general CIT rate applicable to profits realized from January 1st, 2021 will be
15% (instead of 25% before the amendment);
The rate of 20% (applicable to small enterprises) has also been reduced to 15%;
The CIT rate of 13,5% applicable to enterprises operating in strategic sectors, as
provided by the finance laws 2019 and 2020, has been increased to 15%.
CIT RATES
The rates of 10% and 35% have not been modified.
According to the above and starting from January 2021, CIT rates applicable will be
as follows (subject to exemptions and tax incentives):
- 10% as a reduced rate applicable for some activities detailed below;
- 15% as a general rate;
- 35% for financial, assurance, automotive, telecom and other important sectors, as
detailed below.
The general CIT rate is 15% (as per the finance law 2021). However, specific rates
are foreseen for specific sectors of activity. Indeed, CIT is due at the rate of:
10% for:
Companies carrying out craft activities, agricultural and fishing activities, and fitting
out fishing boats.
Support and pollution control activities
Companies operating in the regional development zones after the expiry of the total
deduction period.
35% for:
Banks (including Islamic banks) and financial institutions (leasing companies,
factoring companies, investment banks).
Telecommunication operators.
Companies rendering services to companies operating in the oil and gas field.
Hypermarkets (constructed area exceeding 3,000 m² or sales area exceeding 1,500
m²) as of 1 January 2020.
Car dealers (as of 1 January 2019).
MINIMUM CORPORATE TAX

A minimum corporate tax is due at the rate of 0.2% of the local turnover, including
VAT, with a minimum of TND 500, in case:
the company (subject to CIT at the rate of 35%, or 15%) realises losses, or
the CIT due at the rate of 15%, or 35% is less than the minimum corporate tax of
0.2% of the local turnover, including VAT.
However, the minimum corporate tax is reduced to 0.1% of the gross turnover for
companies subject to CIT at the rate of 10%