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Tunisia (GMT +1)


      General:
           ▪ Capital City: Tunis
           ▪ Official Language: Arabic
           ▪ Currency: Tunisian Dinar (TND)
           ▪ Main Exports: Textiles, clothing, agricultural prod, phosphates, electrical equip
           ▪ Surface Area: 163.6 sq. km (thousands)
           ▪ Population: 12,277 million (2024,est)
      Key Economic Indicators:
           ▪ GDP: $48.52 billion (2023) / GDP Growth Rate: 0.4% (2023)
           ▪ CPI Inflation Rate (annual): 9.3% (2023)
           ▪ Sovereign Credit Rating: Moody’s: Caa1
           ▪ Indicator of Economic Freedom Score: 48.8/100
      Exchange Controls:
           ▪ Exist
      Basis of Taxation: (Tax Year End: 31 December)
           ▪ Residents: Worldwide income
           ▪ Non-residents: Tunisian-source income
      Tax Rates:
           ▪ Individuals: Progressive rates to 35% [the first TND 5,000 of taxable income - 0%]
           ▪ Companies: 15%
           ▪ Inheritance and Donations Taxes: Taxable at varying rates
           ▪ VAT: 19%
           ▪ Withholding Tax: Varying rates apply
           ▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
           ▪ Double Taxation Agreements: In place with several countries
      Useful links:
           ▪ Central Bank of Tunisia   http://www.bct.gov.tn
           ▪ Ministry of Finance   http://www.finances.gov.tn


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