Tunisia-Finance Law 2022: Here are the new economic measures

Finance Minister Sihem Boughdiri today revealed new economic measures put in place under the 2022 finance law. The measures are as follows:

 – Creation of a common fund between the private and public sectors to fund studies and support  services carried out by experts and consultancies

– Reinforcing the resources of institutions and facilitating the acquiring of financing via tax exemption

– Support small and medium-sized enterprises by decreasing the interest rate on loans and financing investment credits obtained until the end of 2022 with the purpose of creating job vacancies

– Strengthen self-financing for SMEs

– Permit institutions affiliated with the Ministry of Higher Education that carry out research to profit from a 50% reduction in spending on scientific research

– Support fully exporting companies and permit them to raise the percentage of sales on the local market in 2022 by 50% instead of 30%

– Revocation of late penalties for public agreements concluded in the construction sector (works must be finished before December 31, 2021)

– Boost the deduction ceiling of the IRPP base for interest on savings accounts from 5,000 to 10,000 TD, and from 3,000 to 6,000 TD.