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Factor costs - Invest in Tunisia, The Foreign Investment Promotion ...

Factor costs - Invest in Tunisia, The Foreign Investment Promotion ...

SOCIAL

SOCIAL COSTSContributionsCategoryCost of joining the NationalSocial Security structure(CNSS)Employer’s contribution toCNSSSpecial fund (to be paid toCNSS)Companies that donot export theirentire productionCompanies that exporttheir entire production5 TD 5 TD15.5% 15.5%0.5 ExemptVocational training tax (TFP) 1% ExemptFund for the Promotion ofSocial Housing (FOPROLOS)1% 1%TOTAL 18% 16.5%N.B. :‐ Each month, the employer automatically withholds the share to be paid by the staff member: 7.75% of wages.‐ Exemption from the requirement to contribute to the fund to promote low‐cost housing for wage earners, for thefirst five years starting from the effective start of activities tied to investment in tourism, industry, handicrafts, andcertain services in the second group of priority regional development zones and those being encouraged forpriority regional development (law n°2007‐69 of 27/12/2007)‐ Exemption of small scale businesses from the vocational training tax and from the contribution to the fund topromote housing for wage earners for the first three years starting from the effective start of activity (law n°2007‐69 of 27/12/2007).New health insurance system(Starting 1 July 2007)The new health insurance system is made up of a mandatory base and optional additionalfeatures.Contributions are set at 6.75%, broken down as follows:‐ 2.75% paid by the wage earner‐ 4% paid by the employerUpon retirement, the participant pays 4%. A decree sets the base to which this percentagewill be applied and the various stages in applying it.The basic system covers costs for health care services provided by both the public andprivate sectors. Management of the system is handled by a new structure: the NationalHealth Insurance Authority (CNAM). Management of optional additional features ishandled by insurance and mutual companies.Sources: ‐ Law n°2004‐ 71 of 2 August 2004 (JORT n° 63 of 6 August 2004 ‐ Pages 2228 ‐ 2230)CNSS & CNRPS.6

State assumption of the employer’s share of contributions to the socialsecurity system• Recruitment of new Tunisianstaff who hold a diploma ofhigher education earned after aminimum of two years ofstudies after the baccalaureateor an equivalent diploma,starting from the date aneligible candidate is recruitedfor the first time• Newly formed teams to backup the first team, at industrialcompanies that do not workaround the clockEncouraging regionaldevelopment:* Eligible sectors are industry,handicrafts and certain serviceactivitiesRates for State assumption of contributionsFor a period of 7 years, the rate for State assumption of aportion of these contributions is set as follows:Year relating to Stateassumption of contributions,starting fromthe date of recruitmentPortioncoveredby theState1st and 2 nd years 100%3rd year 85%4th year 70%5th year 55%6th year 40%7th year 25%This incentive is available for new recruitments made between 1January 2005 and 31 December 2009.(Art. 25 of the Investment Incentives Code & law n°2004‐90 of31 December 2004, which provides the legal basis for the 2005budget)• 50% for five years• (Art. 43 of the Investment Incentives Code)• For the first group, the rate of assumption by the State for the firstfive years starting from effective start up of activity is set asfollows:Year of State assumptionShare of State assumption* Lists of groups of regionaldevelopment zones are set bydecree* For zones being encouraged forregional development in tourism:assumption by the State for thefirst five years starting fromeffective start up of activityInvestments in Saharan tourismin zones being encouraged forregional development are eligiblefor this incentive for anadditional period of five yearsFirst year 100%Second year 80%Third year 60%Fourth year 40%Fifth year 20%• For the second group, State assumption of the contribution for thefirst five years, starting from effective start up of activity• For zones being encouraged for priority regional development,State assumption for the first five years, starting from the date ofeffective start up of activity and of a share of this contribution foran additional period of five years, set as follows :7

Invest in Tunisia, The Foreign Investment Promotion Agency
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