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Tunisia: Tax incentives encouraging companies to go public

A draft law is under way providing for encouraging companies to go public by allowing companies that place their ordinary shares at the Tunis Stock Market through the opening of their capital to the public at a minimum proportion of 30%.

The draft law which was looked at , during the cabinet meeting  held on Wednesday February 24, 2010,  points out that the concerned companies are eligible to benefit from the tax cut on companies at a rate of 20% for a five-year period starting from the listing year, provided that the operation takes place before December 31, 2014.

The measure is part of materialising the guidelines contained in the presidential programme “Together We Meet Challenges” pertaining to the development of the financial market and strengthening its role in funding economic enterprises.


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