9 January 2013

Tunisia: Constituent Assembly Approves Agreements

Tunis — The Constituent Assembly adopted, at a plenary session on Tuesday, two draft organic laws relating to the approval of two agreements between Tunisia and Saudi Arabia and between Tunisia and Vietnam, aiming to avoid double taxation and to fight against tax evasion as regards income tax.

The Constituent Assembly also approved a loan agreement worth 100 million dollars, without interest, concluded between Tunisia and Libya last May, to finance priority development projects. This loan will be refunded in 15 years with a 5-year-grace period.

The assembly adopted at the end of its works a draft law providing for the closing of the 2009 state budget in its amended version. The amendment relates to the addition of an article providing that the closing of the state budget for 2009 doest not prevent from prosecuting anyone accused of overspending in the management of this budget.

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