More New Taxes for 2025?

Posted by Llama 3 70b on 04 February 2025

Fiscal and Social Measures Implemented in 2025

In 2025, several fiscal and social measures will be introduced through the finance law of the year, including the modification of the Social Solidarity Contribution rate. The withholding tax related to this contribution will now be due at a rate of 0.5%, but when filing the annual tax return, it will need to be settled at a rate of 1%. Additionally, a new 2% tax will be levied in favor of the state budget, applicable to large enterprises with an annual turnover of at least 20 million dinars in 2023 and subject to corporate tax at a rate of 15% for the same year (Article 38). These adjustments aim to strengthen fiscal revenues and support the financing of new social initiatives.

An Unemployment Insurance Fund has also been created to provide support to workers laid off for economic reasons. The fund, whose operation and management will be specified by decree, aims to guarantee support to workers who lose their jobs due to reasons unrelated to themselves or their employer. It will be primarily financed by a state budget contribution of 5 million dinars, as well as a 0.5% participation fee on salaries declared to the National Social Security Fund (CNSS), split equally between the employer and employee. The fund will also benefit from 14% of the revenue generated by the specific tax on tobacco and matches, as well as a 30% right collected on SMS or phone call games, collected by telecommunications operators.

In parallel, measures are being taken to strengthen the resources of the Road Accident Victims Guarantee Fund. These include a contribution from insurance companies and policyholders, respectively, of 0.2% and 2% of insurance premiums related to civil liability for land motor vehicles. The fund is also expanding its scope to compensate for damages in cases of non-subscription to an insurance contract. Furthermore, tax relief will be applied to beneficiaries of disability pensions: orphans' pensions and non-occupational disability pensions will be exempt from income tax, effective January 1, 2025, in accordance with current legislation.