Algeria Marocco Tunisia - Confindustria Vicenza - 27 febbraio 2018 www.pwc-tls.it
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Algeria Marocco Tunisia
Confindustria Vicenza - 27 febbraio 2018
Strictly private
and confidential
Sommario
Sezione Titolo Page
1 Aspetti Fiscali 3
1.1 Società residenti 5
1.2 Società non residenti 8
1.3 Ritenute di imposta 10
1.4 Altri aspetti 15
2 Aspetti Societari 24
3 I nostri riferimenti 31
1 Aspetti Fiscali Aspetti Fiscali Algeria Marocco Tunisia 3
1 Aspetti Fiscali
Premessa
Altre fonti
PwC
Alger - PwC Worldwide Tax Summaries
05 Rue Mohamed Saadi (Ex Rue Raoul Payen) Hydra
Alger, 16035 https://www.pwc.com/gx/en/services/tax/worldwide-tax-
Algeria summaries.html
Casablanca - International Bureau of Fiscal Documentation
35 rue Aziz Bellal http://www.ibfd.org/
Mâarif - Repubblica Alerina – Direzione Generale delle Imposte
Casablanca, 20 330
https://www.mfdgi.gov.dz/
Morocco
- Repubblica Tunisina – Ministero delle Finanze
Tunis
Imm. PwC Rue du Lac d'Annecy http://www.finances.gov.tn/index.php?lang=fr
Les Berges du Lac - Marocco – General Tax Administration
1053 Tunis
https://portail.tax.gov.ma/wps/portal/DGI-Ang/Dgi-Internet-
Tunisia
Ang/Home/
Algeria Marocco Tunisia 4
PwC TLS | Avvocati e Commercialisti
1.1 Società residenti Società residenti Algeria Marocco Tunisia 5
Local authority tax (LAT): LAT is payable by entities subject to corporate tax, except
entities operating in the tourism sector.
The LAT is paid to the local authority monthly, at the rate of:
1.1 Società residenti
- 0.2% of the total turnover of the entity, with a minimum calculated on the basis of the
number of square metres of construction used by the entity.
Società residenti (1/2) - 0.1% of the turnover deriving from exportation as defined by the legislation in force.
Algeria Morocco T unisia
T ax Feature
Last reviewed: 1 February 2018 Last reviewed: 31 January 2018 Last reviewed: 1 January 2018
Residence Residence is based on incorporation A company is deemed to be resident A company is resident in Tunisian if it
in Morocco if it has its legal seat is incorporated in Tunisia
there
T ax base Territorial (active income) Territorial (active income) Territorial (active income)
Worldwide (passive income) Worldwide (passive income) Worldwide (passive income)
Corporate tax rates 19% for manufacturing activities Proportional rates: 10%, 20%, and 25% standard rate
31% (over MAD 1 million)
23% for construction, public works 35% for financial institutions,
and hydraulic activities in addition to 37% (credit institutions, leasing, telecommunication and hydrocarbon
IBS tourism and spa activities except insurance/reinsurance companies, companies
Impôt sur le Bénéfice travel agencies Deposit Bank and Bank Al Maghreb)
des Sociétés 35% for large retail companies and
26% for other activities (including 17,5% (companies exporting companies exploiting a foreign brand
trade and services) products or services) (as of 1 January 2019)
Tax on business activity (TAP) at the rate 10% (regional headquarters and 20% for small and medium size
of 1% for manufacturing activities, without representative offices of multinational companies
any reduction. However, this tax is fixed companies with Casablanca Finance
at 2% for all other activities, with a City status; offshore banks) 15% for newly listed companies (for
reduction of 25% for some activities and a 5-year period)
locations, and computed based on the 8.75% (companies operating in
invoiced turnover. export free zones; for products sold 10% for export companies (as of 1
to enterprises located outside export January 2014)
free zones; financial institutions,
professional services providers, and In addition, a 1% social solidarity
holding companies with the contribution is applicable as of 1
Casablanca Finance City status) January 2018
Algeria Marocco Tunisia 6
PwC TLS | Avvocati e Commercialisti1.1 Società residenti
Società residenti (2/2)
Algeria Morocco
Tunisia
Tax Feature Last reviewed: 1 February Last reviewed: 31 January
Last reviewed: 1 January 2018
2018 2018
Alternative minimum tax Minimum tax of DZD 10,000 Payable at the rate of 0.5% on 0.2% of revenues, but not lower
applies on a yearly basis turnover than TND 500
A special 0.25% rate is 0.1% of revenues from exports
applicable in the following activities, but not lower than TND
sectors: oil products, gas, butter, 300
oil, sugar, water, flour and
electricity
The minimum levy may not be
lower than MAD 3,000
Capital gains Yes, part of business income Yes, part of business income; Yes, part of business income
Exemption for listed shares and Exempt for venture capital funds 0% on disposal of shares listed
intra-group share transfers and UCITS on the Tunis Stock Exchange
under certain conditions
Loss carry-forward Yes, for 4 years Yes, 4 years Yes, for 5 years
Depreciation relating to a loss- Indefinitely for deferred
making period may be carried depreciation
forward for an unlimited period
Loss carry-back No No No
Unilateral double taxation relief
No No No
Algeria Marocco Tunisia 7
PwC TLS | Avvocati e Commercialisti1.2 Società non residenti Società non residenti Algeria Marocco Tunisia 8
1.2 Società non residenti
Società non residenti
In assenza di DTT.
Solitamente trattasi di ritenute per società non
residenti e senza stabile organizzazione in loco,
con riferimento a redditi di fonte locale
Algeria Morocco
Tunisia
Tax Feature Last rev iewed: 1 February Last rev iewed: 31 January
Last rev iewed: 1 January 2018
2018 2018
Corporate tax rates 19% for manufacturing activities Proportional rates: 10%, 20%, 25% standard rate (or 15% final
and 31% (over MAD 1 million) withholding tax on gross
23% for construction, public payments if carrying on activities
works and hydraulic activities in 8% (on gross contract value for in Tunisia through a non-
addition to tourism and spa certain foreign contractors) registered PE)
activities except travel agencies
35% for financial institutions,
26% for other activities (including telecommunication and
trade and services) hydrocarbon companies
In addition, a 1% social solidarity
contribution is applicable as of 1
January 2018
Capital gains on sale of shares 20% Yes, 0% for gains on securities 25% capped at 5% of the
in resident companies listed on the Moroccan stock transfer price
exchange
Some exemptions apply under
certain conditions
Capital gains on sale of Taxed as business income Yes, non-resident companies are A withholding tax of 15% of the
immov able property liable to corporate tax in respect selling price is applicable to the
of any capital gains arising from gains. Non-resident companies
immovable property or from the can opt to treat the withholding
disposal of shares of real estate tax either as a final tax or as a
companies situated in Morocco: credit against the corporate tax
such gains are subject to liability in respect of these capital
corporate tax at the standard rate gains
of 30%
Algeria Marocco Tunisia 9
PwC TLS | Avvocati e Commercialisti1.3 Ritenute di imposta Ritenute di imposta Algeria Marocco Tunisia 10
1.3 Ritenute di imposta
Branch tax set at the rate of 15% calculated on net profits after IBS.
Ritenute di imposta
Under this scenario, a 15% tax rate applies on the deemed distribution
(cash position usually) of profits after tax, which may be reduced or
removed by the applicable DTT provisions
Algeria Morocco
Tunisia
Tax Feature Last reviewed: 1 February Last reviewed: 31 January
Last reviewed: 1 January 2018
2018 2018
Branch profits 15% 15% (on remittance basis) 10%
25% if the non-resident company
is based in a tax haven
Dividends 15% 15%; 10% (as of 1 January 2015) on
profits realized from 1 January
0% on distributions by companies 2014
operating in export free zones
(EFZ) 25% if recipient is resident in a
tax haven
Interest 10% (debts, deposits, 10% 20%
guarantees)
10% for interest paid to non-
40% (bearer securities) resident banks
25% if recipient is resident in a
tax haven
Royalties 4.8% (use of computer software) 10% 15%
24% (other royalties) 25% if recipient is resident in a
tax haven
Fees (technical) 24% 10% 15%
Fees (management) 20% 15% 15%
Algeria Marocco Tunisia 11
PwC TLS | Avvocati e Commercialisti1.3 Ritenute di imposta
Algeria – Ritenute da trattati contro le doppie imposizioni
≥ 25%
Dividends Interest Royalties
Individuals, companies Qualifying companies
(%) (%) (%) (%)
Domestic Rates - Companies 15 15 10/40 4.8/24
Treaty Rates:
Country Individuals, companies Qualifying companies . ..
Austria 15 5 0/10 10
Belgium 15 15 0/15 5/15
China (People's Rep.) 10 5[2] 7 10
Egypt 10 10 5 10
France 15 5 10/12 5/10/12
Germany 15 5 10 10
Italy 15 15 15 5/15
Jordan 15 15 0/15 15
Russia 15 5 15 15
Spain 15 5 5 7/14
Switzerland 15 5 0/10 10
Turkey 12 12 10 10
United Kingdom 15 5 7 10
Algeria Marocco Tunisia 12
PwC TLS | Avvocati e Commercialisti1.3 Ritenute di imposta
Marocco - Ritenute da trattati contro le doppie imposizioni Copyright
letterari
Esenzione per
interessi pagati da/a
autorità statali Dividends Interest Royalties
Companies Qualifying companies [2]
(%) (%) (%) (%)
Domestic Rates - Companies 15 0 10 10
Treaty Rates:
Country 2 3 4
Austria 10 5 0/10 10
Belgium 10 6.5 0/10 10
China (People's Rep.) 10 10 0/10 10
Finland 10 7 0/10 10
France 15 15 10/15[6] 5/10[5]
Germany 15 5 0/10 10
Ireland 10 6 0/10 10
Italy 15 10 0/10 5/10[5]
Malta 10 6.5 0/10 10
Netherlands 25 10 10/25[8] 10
Poland 15 7 10 10
Russia 10 5 0/10 10
Spain 15 10 10 5/10[5]
Switzerland 15 7 10 10
Turkey 10 7 0/10 10
United Kingdom 25 10 10 10
United States 15 10 0/15 10
Algeria Marocco Tunisia 13
PwC TLS | Avvocati e Commercialisti16% trade mark, to cinematograph and television films, to industrial, commercial or scientific equipment
5%literary, artistic or scientific work
1.3 Ritenute di imposta
12% in other cases
Tunisia - Ritenute da trattati contro le doppie imposizioni
Dividends Interest Royalties
Qualifying
Companies
companies
(%) (%) (%) (%)
Domestic Rates - Companies 5/25 5/25 0/5/20/25 0/15/25
Treaty Rates:
Country 2 3 4
Austria 20 10 10 10/15
[3] [4]
Belgium 15 5 5/10 11
China (People's Rep.) 8 8 10 5/10
France No Limitation No Limitation 12 5/10/15/20
Germany 15 10 10 10/15
Italy 15 15 12 5/12/16
Malta 10 10 0/12 12
Netherlands 20 0 0/7.5[8] 7.5/11[8]
Norway 20 20 12 5/15/20
Oman 0 0 10 5
Spain 15 5 5/10 10
Switzerland 10 10 10 10
Turkey 15 12 10 10
United Kingdom 20 12 10/12 15
United States 20 14 15 10/15
Algeria Marocco Tunisia 14
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti Altri aspetti Algeria Marocco Tunisia 15
1.4 Altri aspetti
Norme anti abuso Increasing from 500,000 Algerian dinars (DZD) to
DZD 2 million the penalty amount relating to a failure
to provide or an incomplete production of transfer
pricing documentation
Algeria Morocco Tunisia
Tax Feature Last reviewed: 1 February Last reviewed: 31 January Last reviewed: 1 January
2018 2018 2018
Transfer pricing Yes (and transfer pricing Yes Yes, only a general principle
legislation documentation requirements for
companies under the Large
Taxpayers Unit)
Thin capitalization No No No
legislation
Controlled foreign No No No
company legislation
General anti-avoidance Yes (based on the abuse of law No No
rule (GAAR) concept)
Other anti-avoidance No No Yes, anti-tax havens rules in the
legislation form of higher withholding tax
rates if recipient is resident in a
tax haven. In addition, the
expenses paid to such persons
are not deductible
Algeria Marocco Tunisia 16
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti
Indirette
Algeria Morocco Tunisia
Tax Feature Last reviewed: 1 Last reviewed: 31 Last reviewed: 1
February 2018 January 2018 January 2018
Taxable events Supply of goods Sales and deliveries of Supply of goods (including
goods (also of imported importation) and services
Supply of services goods);
Supply of services
VAT (standard) 19% 20% 19%
VAT (reduced) 9% 0%, 7%, 10%, 14% 0%, 7%, 13%
VAT (increased) No No No
Registration/deregis DZD 100,000 MAD 2 million (for TND 100,000 (retailers)
tration threshold wholesalers and retailers)
VAT group No No No
Algeria Marocco Tunisia 17
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti
Altro
Algeria Morocco
Tunisia
Tax Feature Last reviewed: 1 February Last reviewed: 31 January
Last reviewed: 1 January 2018
2018 2018
Currency Algerian dinar (DZD) Moroccan dirham (MAD) Tunisian dinar (TND)
International financial transactions
are subject to the control of the
Moroccan Exchange Office ( Office
des Changes )
Remittances of capital to non-
Yes, foreign exchange control Yes, a request for a pre-approval
residents are guaranteed
Foreign exchange control approval is required for certain must be filed with the Tunisian
types of payments Central Bank
No limitations are imposed on the
time or amount of profit remitted
Loans, however, must be
authorized by the Office of
Exchange
Algeria Marocco Tunisia 18
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti
Consolidato fiscale e incentivi
Algeria Morocco Tunisia
Tax Feature Last reviewed: 1 February Last reviewed: 31 January Last reviewed: 1 January
2018 2018 2018
Consolidato fiscale Yes No Yes
Export companies
Export free zones Investment in certain regions
Regional development areas
Tourism Investment banks and companies
Oil and gas activities
Agriculture sector Small and medium-sized
Incentivi companies
CIT reduction for listed
Hydrocarbons sector
companies
Agriculture and fishing sectors
Investment in certain regions
Employment creation incentives
Technology and energy-saving
Special offshore regime activities
Islamic financial instruments
Algeria Marocco Tunisia 19
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti
Incentivi per gli investimenti - Algeria
Algeria Industrial Park
ANDI – National Agency of Investment Development
http://www.andi.dz/index.php/en/regimes-d-avantages
The investment projects may enjoy from tax exemptions
and reductions, depending on the project location and
impact on the economic and social development
Three levels of advantages are provided:
- Common advantages to all eligible investments (dazi,
IVA, 3/10 anni esenzione CIT…)
- Additional advantages to privileged / or job creating
activities (5 anni esenzione tasse e altro)
- Exceptional advantages to investments bringing a
particular interest for the national economy
Algeria Marocco Tunisia 20
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti
Incentivi per gli investimenti - Marocco
Marocco Free Trade Agreements (FTA)
Invest in Morocco
http://www.invest.gov.ma/?Id=1&lang=en
- Investment and industrial development fund
- Hassan II Fund
- Import Duty Exemption (Businesses that commit to making an
investment of an amount equal to or greater than one hundred (100) million dirhams
can benefit, as part of agreements to be concluded with the government, from
exemption from import duty and the value added tax applicable to goods, materials
and tools needed for their project and imported directly by the companies or on their
behalf. This exemption is also granted to the parts, spare parts and accessories
imported at the same time as capital goods, machinery and equipment for which
they are intended. The investment must be made within thirty-six (36) months from
the date of the signature of the abovementioned agreement.)
- VAT Exemption (Equipment goods, materials and tools needed to achieve
investment projects involving an amount higher than or equal to MAD 100 million are
exempt from VAT on imports within the framework of an agreement concluded with
the State, in favor for the beneficiaries during a period of thirty six (36) months from
the start of business).
Algeria Marocco Tunisia 21
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti Zone di Sviluppo Regionale (ZSR)
Incentivi per gli investimenti - Tunisia Primo gruppo
Secondo gruppo
Tunisia
Invest in Tunisia Zone di sviluppo Zone di sviluppo
regionale del regionale del
http://www.investintunisia.tn/It/accoglienza_46_33 secondo gruppo primo gruppo
Contributi, fino 10 % del costo
Nuova legge sull’investimento, entrata in vigore l’1 aprile 2017. del progetto
30% max 3 MTND 15 % max 1,5 MTND
Incentivi fiscali e finanziari: 100 % durante i primi 5
- Imposte ridotte al 10% per le società totalmente esportatrici; 100 % durante i primi 10
Esenzioni fiscali anni di attività e 10%
anni di attività e 10% dopo
- Esenzione IVA e dei diritti di dogana per i prodotti da dopo
riesportare; Sovvenzione per i contributi
- Vantaggi fino a 10 anni per le società sistemate nelle zone di previdenziali a carico 100 % per 10 anni 100 % per 5 anni
dell’azienda
sviluppo regionale;
- Contributi d’investimento specifici per le zone di sviluppo Contributo per le spese in
infrastrutture nel settore
regionale, fino al 30% del costo d’investimento, limitato a 3 dell’industria, fino al 10% del
85 % max 1 MTND 65 % max 1 MTND
MTND; costo del progetto
- premi d’investimento per i settori prioritari e le filiere
Contributo ai Fondi di
economiche; Promozione dell’Alloggio per i Esonero illimitato nel tempo Nessun vantaggio
- Incentivi per investimenti in asset intangibili e spese di ricerca e Salariati (FOPROLOS)
di sviluppo; Le imprese beneficiarie dei vantaggi di sviluppo
TFP (Tassa sulla Formazione
- Contributi per la formazione. Professionale)
regionale conformemente alla legislazione in vigore sono
esenti dalla TFP.
Algeria Marocco Tunisia 22
PwC TLS | Avvocati e Commercialisti1.4 Altri aspetti
Principali aspetti di fiscalità italiana da considerare
Le principali norme da considerare:
- Residenza fiscale (Esterovestizione. Vedere anche DTT – Art. 4. In particolare sede
direzione effettiva/place of effective management)
ITco
- Transfer Pricing (beni, servizi, flussi finanziari intercompany)
- CFC (tassazione in Italia delle controllate – Art 167 TUIR)
- Eventuali limitazioni all’applicabilità dei trattati contro le doppie imposizioni
DZco MAco TNco
Livello nominale di Regime fiscale Tassazione per A determinate
tassazione considerato trasparenza (i condizioni,
inferiore al 50 per privilegiato redditi conseguiti possibilità di
cento di quello dal soggetto estero disapplicare la
applicabile in Italia controllato sono norma CFC
imputati alla verificare
società italiana)
Algeria Marocco Tunisia 23
PwC TLS | Avvocati e Commercialisti2 Aspetti Societari Aspetti Societari Algeria Marocco Tunisia 24
2 Aspetti Societari Algeria (1/2) Forme societarie principali: Società per Azioni (SPA) / Società a Responsabilità Limitata (Sarl) [ Normativa simile alle società europee (in particolare a quella francese) Principali caratteristiche: Società per Azioni (SPA) - 7 azionisti (numero minimo) - capitale minimo: 1.000.000 dinari algerini (circa 7.000 euro) ovvero 5.000.000 dinari se la società fa appello al pubblico risparmio - i soci rispondono per i debiti della società solo fino a concorrenza del valore delle loro partecipazioni - organo amministrativo: consiglio di amministrazione o un direttorio assistito da un consiglio di controllo - nomina di un revisore dei conti obbligatoria Società a Reponsabilità Limitata (Sarl) - 2 soci numero minimo (50 numero massimo) - capitale minimo non previsto - cessione quote sociali a terzi solo con accordo dei soci rappresentanti i 3/4 del capitale sociale - nomina di un revisore dei conti obbligatoria Algeria Marocco Tunisia 25 PwC TLS | Avvocati e Commercialisti
2 Aspetti Societari
Algeria (2/2)
Elementi comuni:
[
- Socio straniero: partecipazione consentita ad un socio straniero in misura diversa in funzione del tipo di attività svolta dalla società.
- Regola generale: partecipazione massima socio straniero 49%
- Società algerina che esercita attività di commercio estero: partecipazione massima socio straniero 30%
Per investimenti esteri superiori a 2 miliardi di dinari (circa 15.000.000 euro) approvazione del National Board of Investement.
- Conferimenti: in denaro o in natura (beni immobili, beni mobile, diritti IP, etc) con perizia di soggetto terzo per determinazione valore
- Patti parasociali: riconosciuti a condizione che siano conformi alla normativa locale
Algeria Marocco Tunisia 26
PwC TLS | Avvocati e Commercialisti2 Aspetti Societari
Marocco (1/2)
Forme societarie principali:
[
Società per Azioni (Société Anonyme, SA) / Società a Responsabilità Limitata
Principali caratteristiche:
Società per Azioni (Société anonyme, SA)
- 5 azionisti numero minimo
- capitale minimo 300.000 dirham (circa 27.000 euro) ovvero 3.000.000 dirham se la società fa appello al pubblico risparmio
- i soci rispondono per i debiti della società solo fino a concorrenza del valore delle partecipazioni
- organo amministrativo: consiglio di amministrazione composto da 3 a 12 membri
- obbligatoria la nomina di un revisore dei conti
Società a Reponsabilità Limitata
- 1 socio numero minimo (50 numero massimo). In caso di socio unico, lo stesso non può costituire un’ altra Sarl a socio unico
- non è previsto un capitale sociale minimo
- cessione quote sociali a terzi solo con accordo dei soci rappresentanti i 3/4 del capitale sociale
Algeria Marocco Tunisia 27
PwC TLS | Avvocati e Commercialisti2 Aspetti Societari
Marocco (2/2)
Elementi comuni:
[
- Socio straniero: possibile possedere il 100% di una società marochina
- Legale rappresentante: anche straniero.
- Conferimenti: in denaro o in natura (beni immobili, beni mobili, diritti IP, etc.) con perizia di un esperio per la determinazione valore
- Patti parasociali: riconosciuti a condizione che siano conformi alla normativa locale
Algeria Marocco Tunisia 28
PwC TLS | Avvocati e Commercialisti2 Aspetti Societari
Tunisia (1/2)
Forme societarie principali:
[
Società per Azioni (Société anonyme, SA) / Società a Responsabilità Limitata
Normativa simile alle società europee (in particolare a quella francese)
Principali caratteristiche:
Società per Azioni (Société anonyme, SA)
- capitale minimo 5.000 dinari tunisini (circa 1.700 euro) ovvero 50.000 dinari se la società fa appello al pubblico risparmio
- i soci rispondono per i debiti della società solo fino a concorrenza del valore delle loro partecipazioni
- nomina di un revisore dei conti obbligatoria (iscritto all’albo ufficiale tunisino)
Società a Reponsabilità Limitata
- non è previsto un capitale sociale minimo (neanche in caso di socio unico)
- cessione quote sociali a terzi solo con accordo dei soci rappresentanti i 3/4 del capitale sociale
Algeria Marocco Tunisia 29
PwC TLS | Avvocati e Commercialisti2 Aspetti Societari
Tunisia (2/2)
Elementi comuni:
[
- Socio straniero: partecipazione consentita ad un socio straniero in misura diversa in funzione del tipo di attività svolta dalla società.
- Società tunisina che esercita attività commerciale in Tunisia: socio straniero partecipazione massima 49% oltre ad autorizzazione
speciale rilasciata dalla Tunisian Central Bank.
- Società tunisina settore industriale o servizi finanziari: socio straniero anche partecipazione di maggioranza o 100%
- Legale rappresentante: anche persona straniera
- Conferimenti: in denaro o in natura (beni immobili, beni mobile, diritti IP, etc) con perizia di un terzo per la determinazione valore
- Patti parasociali: riconosciuti a condizione che siano conformi alla normativa locale
Algeria Marocco Tunisia 30
PwC TLS | Avvocati e Commercialisti3 I nostri riferimenti I nostri riferimenti Algeria Marocco Tunisia 31
Section 3 – I nostri riferimenti
I professionisti
Photo
Giovanni Marano Davide Frau
Dottore Commercialista Avvocato
phone 0039 049 873421 phone 0039 049 873421
giovanni.marano@pwc.com davide.frau@pwc.com
Algeria Marocco Tunisia • Confindustria Vicenza - 27 febbraio 2018 32
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