Caretaker Prime Minister Elias Fakhfakh requested the Tunisian Parliament to hold an extraordinary parliamentary session to ratify the draft law "on economic revitalization and integration of the parallel sector and the reduction of tax evasion", the draft law includes 31 chapters divided into six axes aimed at reducing the tax burden on institutions and paying investment, integrating parallel economy activities and the financial returns generated by it into the economic cycle, reducing tax evasion and supporting all forms of financial transparency and collection.
The draft law also includes 28 measures in various economic and financial aspects, including measures to reduce the tax burden on enterprises and pay investment, take measures to integrate activities and currency from the parallel economy into the economic cycle and others related to combating tax evasion and supporting transparency, while a new tax review law called “Limited Review”.
This law, if approved, would pump an amount of no less than 1.1 billion Tunisian dinars (about $ 392 million) from taxes, which would contribute to restoring a portion of the financial balance in light of difficulties in financing public finances.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
