Translated:
Great tax advantages for those moving to Tunisia
For European retirees who settle in Tunisia, the law grants significant tax advantages, which leads to an increase in the net pension received.
An opportunity to be taken seriously, also because the increase in the net pension is accompanied by a much lower cost of living, so that the retiree who settles in Tunisia will see his income increase significantly.
Tunisian Law No. 2006-85 of December 25, 2006 established, from 2007, a regime aimed at reducing the 80% tax on pensions received by citizens of various countries, including France, Belgium, Italy, with which Tunisia has a tax treaty known as ;non-double taxation.;
In short, the mechanism is as follows: the retired European citizen must apply for a residence permit, actually living in Tunisia most of the year (so for at least 6 months 1 day per year). He must also have a bank account, on which the pension received by Italy will be credited.
Given these conditions, the pension will be paid Ente before, and no tax withholding, because, under the tax treaty, it will no longer be taxed by the European State, but by Tunisia. On this gross amount, the Tunisian State grants a deduction of 80%, thus taxing only the remaining 20%.
Let's take a practical example, based on a gross pension of 1,000 euros per month:
Gross monthly pension: 1,000 euros
80% deduction: 800 euros
Taxable income: 200 euros
Tax to pay: 75 euros
On a gross of 1000 euros, then, becomes the pension paid 925 euros, 800 were tax-free source of the Tunisian government, while the 200 euros, the remaining taxable constituents, they become 125 after taxes.
It is clear that the higher the pension, the more interesting the benefits become, but it is also true that for a small pension, the differential taxation becomes even more valuable, especially since the cost of living in Tunisia is about half that of Europe.
As mentioned, in order to obtain and maintain the residence permit in Tunisia, you must stay there for a minimum of 6 months 1 day per year, even if it is not continuous.
For further information, please do not hesitate to contact us.
On behalf of our clients, we also handle procedures relating to residence permits and pension transfers, making them available to Europeans who wish to do so.
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