A- Common Fiscal Incentives

1) Tax relief

a) The physical or moral persons who reinvest the totality or a part of their incomes or profits in the subscription with a capital of companies governed by the code benefit from the deduction of the sums invested within the limits of 35 % of incomes or subjected to tax net profits.

b) The companies which reinvest the totality or a part of their profits within themselves, benefit from the deduction of the sums reinvested within the limits of 35 % of the subjected to tax net profits on companies.

2) Depreciation on a reducing balance

Companies governed by the code can opt for the regime of depreciation on a reducing balance of the equipments the duration of use of which overtakes seven years.

3) Preferential treatment in conformance with equipments

Equipements representing on lists fixed by decret béneficient following exemptions:

a) Imported Equipments not having of similar made localement:Exemption customs duties, and the taxation in the value-added tax at the 10 % rate.

b) Made equipments locally:Imposition in the value-added tax at the 10 % rate

B- Specific Fiscal Incentives

The investments realized in conformance with the agricultural development benefit, besides the common incentives , the following fiscal incentives :

1) Degrevement Fiscal

Deduction of The subscription in the initial capital of the company either in its increase of the subjected to tax net profits on the income of the physical persons or in the company tax. The investments realized by these companies also give place to the deduction of profits invested within it.

2) Preferential regime in conformance with Equipments

Exemption from duties and taxes applied subject to the import of equipment which is not manufactured locally and exemption from the value-added tax on equipement manufactured locally according to lists established by decree.

3) Preferential regime in conformance with the Tax on Incomes

Deduction of income from income base taxation investments and from the taxation of business for 10 years.

4) Special Mode of Change of the Arable Lands

The agricultural investors can benefit of the transfer tax refunding e of the arable lands intended for the investment on request. This request will have to be presented at the latest a year after the declaration of the investment.

C- Fiscal incentives for wholly exported companies

Companies wholly engaged in export are agricultural and fishing companies that export at least 70% of their production

Companies wholly engaged in export are post-harvest processing companies that export at least 80% of their production

These companies have the possibility to clear the remainder on the local market.

1) These companies are subjected under their activities in Tunisia only with the payment of the taxes, rights, taxes deduction and contributions following:

• Rights and taxes bound to tourism vehicles

• The single tax of compensation on the road transport

• Taxes of maintenance and cleansing

• Rights and taxes perceived with the title of the direct services of services in accordance with the legislation in force