Representatives of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) said on Tuesday that the Finance Bill for 2025 does not include measures to encourage investment or protect the business climate and does not guarantee fiscal and financial stability.
Modernizing the economy requires the integration of the informal economy and support for private companies, which play a full role in promoting exports and employment, they stressed at a joint hearing on Tuesday of the Finance and Budget Committee of the Assembly of People’s Representatives (ARP) and that of the National Council of Regions and Districts (CNRD) on the draft Finance Law for 2025, with UTICA President Samir Majoul and the delegation accompanying him.
They called for a radical overhaul of the tax system applied to individuals and companies, considering that the current VAT rates should be revised as they are unreasonable percentages, according to a press release issued by the ARP.
The representatives of the employers’ organization presented proposals for changes, such as reducing taxation on local investment. They also recommended measures to promote exports and attract foreign investors.
They also stressed the importance of recycling industrial waste to strengthen the circular economy.
At the same time, the representatives of the employers’ organization called for the amendment of Article 31 of the Finance Bill, to ensure tax fairness, and Article 32, by creating a temporary tax on profits made in 2025, without introducing changes to the tax scale applied to companies, in addition to the non-application of the tax on turnover but rather on profits made.
