On 9 December 2017, Tunisia's Assembly of the Representatives of the People (parliament) adopted the Finance Law for 2018. The main measures of the law include:

• An increase in the standard value added tax (VAT) rate from 18% to 19%, and an increase in the 6% and 12% reduced VAT rates to 7% and 13%, respectively;
• An increase in the withholding tax rate on dividends and branch profits from 5% to…