Tunisia's Finance Law for 2022 Approved and Published

Tunisia's Finance Law for 2022 was published in the Official Gazette on 28 December 2021. The main points of the law are summarized as follows:

• Corporate tax, personal income tax, and VAT rates are unchanged;
• Elective tax-free revaluation of immovable assets, subject to the condition that the gain resulting from the revaluation is booked to a reserve that cannot be distributed for at least 10 years;
• 50% additional deduction for R&D expenditure if contracted with public universities or re…