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HomeNewsTunisia: 5 MTD from AfDB for fiscal transparency.

Tunisia: 5 MTD from AfDB for fiscal transparency.

The African Development Bank (AfDB) and Tunisia signed an agreement on June 5, 2014, for a donation from AfDB of approximately 3 million U.S. dollars (nearly 5 million Tunisian dinars).

Funded by the Fund of Transition for the Middle East and North Africa, this donation will support the efforts of the Tunisian government to improve domestic resource mobilization, as part of its “plan to improve the mobilization of domestic resources through the establishment of an effective tax system, international cooperation and improved fiscal transparency in Tunisia.”

“The mobilization of domestic resources is a priority for the Tunisian government, commented Aly Abou-Saba, Vice President of the AfDB responsible for agriculture, water, human development, governance and natural resources, during the signing ceremony. Tunisia has a crucial need to increase its resources from its tax revenue to finance its development needs in a sustainable manner. ”

This donation will also promote transparency and efficiency of tax policy, while improving the performance of the tax administration.

Specifically, it will help to implement international tax standards and share information.

A series of new measures will also stem the erosion of the tax base and the flight of profits by companies to non-taxable destinations basic: revision of Tunisian laws and regulations, training…

The Tunisian government will thus be able to establish the mechanisms of monitoring and analysis of fiscal policy. Thus, the project will support the reform of the Tunisian tax administration, while maximizing tax compliance.

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