Everyone Remembers the President's Visit to Sfax: A Look into Tunisia's Tractor Sales
Everyone recalls the President of the Republic's visit to Sfax, where he toured the Châal farm and its famous mouse that allegedly consumed two tons of pistachios while watching Netflix. Among other issues, there's the case of tractors sold at discounted prices. This prompted us to investigate the size of the tractor sales business in Tunisia, and the figures are quite impressive.
Tractor Sales in Tunisia: A Growing Market
In 2023, 1,884 tractors were registered, averaging 157 units per month. As of the end of August 2024, sales have totaled 1,829 tractors, indicating that last year's figures will be surpassed. The monthly average has risen to over 228 units per month. This reflects the improvement in the cereal season and investment in profitable segments, such as olive trees.
Tax Incentives for Tractor Purchases
For context, there are significant tax benefits for these acquisitions, which fall under an investment project. These include the suspension of value-added tax and consumption tax on goods, products, and services necessary for export operations. The tractor can be new or used, as long as it's not more than 5 years old when it enters operation.
A Lucrative Investment Opportunity
Adding exemptions on income from agricultural operations and a 10% tax rate, we understand why the primary sector is the best destination for investing your money.
