The Tunisian parliament has approved a new law to revive the Tunisian economy and settle controversial exchange rate violations, which mainly includes settling foreign exchange violations for companies and individuals and allowing all Tunisians to open hard currency accounts for the first time.
The new draft law contains 21 chapters related to several areas; Including easing the tax burdens on institutions, boosting investment by enabling companies to re-evaluate their properties according to their real value, in addition to subtracting profits or reinvested incomes in the capital of fully exporting institutions.
It also enables Tunisians to own Bitcoin, open bank accounts in hard currency or convertible dinars in Tunisia, and obtain housing loans at a low interest rate, to be repaid over a maximum period of 40 years.
This law allows companies of all kinds to easily obtain loans to face economic hardships. It also allows attracting larger funds from the illegal parallel trade that absorbs more than half of economic activities.
The new law also includes easing the tax burdens imposed on real estate investors and settling foreign exchange violations for companies, in return for paying the due fees and increasing the rate of 10 percent. This new law also stimulates a reduction in cash payments, by adding a 5% fee and moving more towards bank card transactions and online purchases.
Source (Al-Sharq al-Awsat newspaper, edited)
