Tunisia gov't announces measures for 2019 finance law

Source: Xinhua| 2018-10-16 04:26:59|Editor: Mu Xuequan
Video PlayerClose

TUNIS, Oct. 15 (Xinhua) -- Tunisian Prime Minister Youssef Chahed's government will take measures for the 2019 financial year, according to a document by Tunisian Government Presidency.

The measures will tackle issues including Tunisia's international commitments, the reinforcement of investments, the competitiveness of companies, in addition to combating tax fraud, corruption and smuggling, said the document.

The Tunisian government are facing an alarming unemployment rate, particularly among higher education graduates.

To deal with the rate, 150 million Tunisian dinars (52.5 million U.S. dollars) were injected into national fund of employment, in addition to 127 million dinars dedicated to local authorities in the inland regions of the country.

Another instrument will be operational in 2019 for young entrepreneurs wishing to launch projects, with a fund of 50 million dinars to be reserved for the self-financing of new projects.

In the new finance law 2019, the Tunisian government decided to reduce the corporate tax from 25 percent to 13.5 percent, in sectors including automotive and aeronautics industries, cabling, agricultural food industry, footwear and textiles as well as technology services.

Adopted last week by a ministerial council chaired by Chahed, the new law has already been forwarded for review to the Planning and Development Finance Committee.