Taxation

Overview of Tunisian Tax System:

Under the Tunisian tax system, non-residents are taxed on income arising from Tunisian sources only and are liable to a number of property related taxes highlighted below. The relief for foreign taxes depends on the double tax treaty concluded by Tunisia.

Real Estate tax:

registration fees amount to 1% for off-plan properties and 6% for resale property. Stamp duties amount to 15 DTN per sheet of contract or deed.

Tunisian income tax

is payable on income arising in Tunisia. Tunisia income tax is payable at progressive rates on income after allowable deductions for expenses incurred in connection with letting, selling or maintaining the property.

Capital Gains tax:

the capital gains tax is calculated on the real estate profit. The taxable profit is calculated by taking the difference between the price at which the property is sold, reduced by the selling costs, and the purchase price, increased by purchase costs.  Capital gains are taxed at 10% if the property is sold within 10 years from purchase and 5% after 10 years.

Local Taxes:

The tax on the rental value is a municipal tax on buildings. The owner of the property is liable for collection of the tax. The base of this tax is the gross rental value determined in accordance with a general census carried out every three to five years by the local authorities. The rate is fixed per local authority, which may be divided into two zones, urban and suburban (where the rate will be lower).

Tunisian Inheritance Tax (IHT):

The rate of IHT payable in Tunisia dependent the relationship between the donor / deceased & the beneficiary.

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