- Confindustria Vicenzawebtv.confindustria.vicenza.it/importedfiles/PwC TLS.pdf · Strictly private and confidential Confindustria Vicenza - 27 febbraio 2018 Algeria Marocco Tunisia

www.pwc.com

Strictly private and confidential

www.pwc-tls.it

Confindustria Vicenza - 27 febbraio 2018

Algeria Marocco Tunisia

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

Sommario

PageSezione Titolo

1 Aspetti Fiscali

3Algeria Marocco Tunisia

Aspetti Fiscali

PwC TLS | Avvocati e Commercialisti

PwCAlger05 Rue Mohamed Saadi (Ex Rue Raoul Payen) HydraAlger, 16035 Algeria

Casablanca35 rue Aziz BellalMâarifCasablanca, 20 330Morocco

TunisImm. PwC Rue du Lac d'AnnecyLes Berges du Lac1053 TunisTunisia

Altre fonti

- PwC Worldwide Tax Summaries

https://www.pwc.com/gx/en/services/tax/worldwide-tax-summaries.html

- International Bureau of Fiscal Documentation

http://www.ibfd.org/

- Repubblica Alerina – Direzione Generale delle Imposte

https://www.mfdgi.gov.dz/

- Repubblica Tunisina – Ministero delle Finanze

http://www.finances.gov.tn/index.php?lang=fr

- Marocco – General Tax Administration

https://portail.tax.gov.ma/wps/portal/DGI-Ang/Dgi-Internet-Ang/Home/

Premessa

1 Aspetti Fiscali


https://www.pwc.com/gx/en/services/tax/worldwide-tax-summaries.html

https://www.mfdgi.gov.dz/

http://www.finances.gov.tn/index.php?lang=fr

Società residenti

1.1 Società residenti



Tax FeatureAlgeria

Last reviewed: 1 February 2018

Morocco

Last reviewed: 31 January 2018

Tunisia


Residence Residence is based on incorporation A company is deemed to be resident

in Morocco if it has its legal seat

there

A company is resident in Tunisian if it

is incorporated in Tunisia

Tax base Territorial (active income)

Worldwide (passive income)

Territorial (active income)


Territorial (active income)


Corporate tax rates 19% for manufacturing activities

23% for construction, public works

and hydraulic activities in addition to

tourism and spa activities except

travel agencies

26% for other activities (including

trade and services)

Proportional rates: 10%, 20%, and

31% (over MAD 1 million)

37% (credit institutions, leasing,

insurance/reinsurance companies,

Deposit Bank and Bank Al Maghreb)

17,5% (companies exporting

products or services)

10% (regional headquarters and

representative offices of multinational

companies with Casablanca Finance

City status; offshore banks)

8.75% (companies operating in

export free zones; for products sold

to enterprises located outside export

free zones; financial institutions,

professional services providers, and

holding companies with the

Casablanca Finance City status)

25% standard rate

35% for financial institutions,

telecommunication and hydrocarbon

companies

35% for large retail companies and

companies exploiting a foreign brand

(as of 1 January 2019)

20% for small and medium size

companies

15% for newly listed companies (for

a 5-year period)

10% for export companies (as of 1

January 2014)

In addition, a 1% social solidarity

contribution is applicable as of 1

January 2018

Società residenti (1/2)



Tax on business activity (TAP) at the rate

of 1% for manufacturing activities, without

any reduction. However, this tax is fixed

at 2% for all other activities, with a

reduction of 25% for some activities and

locations, and computed based on the

invoiced turnover.

IBSImpôt sur le Bénéfice

des Sociétés

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:

- 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.

- 0.1% of the turnover deriving from exportation as defined by the legislation in force.


Società residenti (2/2)



Tax Feature

Algeria

Last reviewed: 1 February

2018

Morocco

Last reviewed: 31 January

2018

Tunisia


Alternative minimum tax Minimum tax of DZD 10,000

applies on a yearly basis

Payable at the rate of 0.5% on

turnover

A special 0.25% rate is

applicable in the following

sectors: oil products, gas, butter,

oil, sugar, water, flour and

electricity

The minimum levy may not be

lower than MAD 3,000

0.2% of revenues, but not lower

than TND 500

0.1% of revenues from exports

activities, but not lower than TND

300

Capital gains Yes, part of business income

Exemption for listed shares and

intra-group share transfers

Yes, part of business income;

Exempt for venture capital funds

and UCITS

Yes, part of business income

0% on disposal of shares listed

on the Tunis Stock Exchange

under certain conditions

Loss carry-forward Yes, for 4 years Yes, 4 years

Depreciation relating to a loss-

making period may be carried

forward for an unlimited period

Yes, for 5 years

Indefinitely for deferred

depreciation

Loss carry-back No No No

Unilateral double taxation reliefNo No No

Società non residenti

1.2 Società non residenti



Società non residenti

1.2 Società non residenti


Tax Feature

Algeria


2018

Morocco


2018

Tunisia


Corporate tax rates 19% for manufacturing activities

23% for construction, public

works and hydraulic activities in

addition to tourism and spa

activities except travel agencies

26% for other activities (including

trade and services)

Proportional rates: 10%, 20%,

and 31% (over MAD 1 million)

8% (on gross contract value for

certain foreign contractors)

25% standard rate (or 15% final

withholding tax on gross

payments if carrying on activities

in Tunisia through a non-

registered PE)

35% for financial institutions,

telecommunication and

hydrocarbon companies

In addition, a 1% social solidarity

contribution is applicable as of 1

January 2018

Capital gains on sale of shares

in resident companies

20% Yes, 0% for gains on securities

listed on the Moroccan stock

exchange

25% capped at 5% of the

transfer price

Some exemptions apply under

certain conditions

Capital gains on sale of

immovable property

Taxed as business income Yes, non-resident companies are

liable to corporate tax in respect

of any capital gains arising from

immovable property or from the

disposal of shares of real estate

companies situated in Morocco:

such gains are subject to

corporate tax at the standard rate

of 30%

A withholding tax of 15% of the

selling price is applicable to the

gains. Non-resident companies

can opt to treat the withholding

tax either as a final tax or as a

credit against the corporate tax

liability in respect of these capital

gains

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

Ritenute di imposta

1.3 Ritenute di imposta



Ritenute di imposta



Tax Feature

Algeria


2018

Morocco


2018

Tunisia


Branch profits 15% 15% (on remittance basis) 10%

25% if the non-resident company

is based in a tax haven

Dividends 15% 15%;

0% on distributions by companies

operating in export free zones

(EFZ)

10% (as of 1 January 2015) on

profits realized from 1 January

2014

25% if recipient is resident in a

tax haven

Interest 10% (debts, deposits,

guarantees)

40% (bearer securities)

10% 20%

10% for interest paid to non-

resident banks


tax haven

Royalties 4.8% (use of computer software)

24% (other royalties)

10% 15%


tax haven

Fees (technical) 24% 10% 15%

Fees (management) 20% 15% 15%

Branch tax set at the rate of 15% calculated on net profits after IBS.

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 – Ritenute da trattati contro le doppie imposizioni



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

Dividends

≥ 25%


Marocco - Ritenute da trattati contro le doppie imposizioni



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

Dividends

Copyright

letterari

Esenzione per

interessi pagati da/a

autorità statali


Tunisia - Ritenute da trattati contro le doppie imposizioni



Interest Royalties

CompaniesQualifying

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

Belgium 15 5[3]

5/10[4] 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

Dividends

16% trade mark, to cinematograph and television films, to industrial, commercial or scientific equipment

5%literary, artistic or scientific work

12% in other cases

Altri aspetti

1.4 Altri aspetti



Norme anti abuso

1.4 Altri aspetti


Tax FeatureAlgeria

Last reviewed: 1 February2018

MoroccoLast reviewed: 31 January

2018

TunisiaLast reviewed: 1 January

2018

Transfer pricinglegislation

Yes (and transfer pricingdocumentation requirements for

companies under the Large Taxpayers Unit)

Yes Yes, only a general principle

Thin capitalizationlegislation

No No No

Controlled foreigncompany legislation

No No No

General anti-avoidancerule (GAAR)

Yes (based on the abuse of law concept)

No No

Other anti-avoidancelegislation

No No Yes, anti-tax havens rules in the form of higher withholding taxrates if recipient is resident in a

tax haven. In addition, the expenses paid to such persons

are not deductible

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


Indirette

1.4 Altri aspetti


Tax FeatureAlgeria

Last reviewed: 1 February 2018

MoroccoLast reviewed: 31

January 2018

TunisiaLast reviewed: 1

January 2018Taxable events Supply of goods

Supply of services

Sales and deliveries of goods (also of imported

goods);

Supply of services

Supply of goods (includingimportation) and services

VAT (standard) 19% 20% 19%

VAT (reduced) 9% 0%, 7%, 10%, 14% 0%, 7%, 13%

VAT (increased) No No No

Registration/deregistration threshold

DZD 100,000 MAD 2 million (for wholesalers and retailers)

TND 100,000 (retailers)

VAT group No No No


Altro

1.4 Altri aspetti


Tax FeatureAlgeria



2018

TunisiaLast reviewed: 1 January 2018

Currency Algerian dinar (DZD) Moroccan dirham (MAD) Tunisian dinar (TND)

Foreign exchange controlYes, foreign exchange control approval is required for certaintypes of payments

International financial transactionsare subject to the control of the Moroccan Exchange Office ( Office des Changes )

Remittances of capital to non-residents are guaranteed

No limitations are imposed on the time or amount of profit remitted

Loans, however, must be authorized by the Office of Exchange

Yes, a request for a pre-approvalmust be filed with the TunisianCentral Bank


Consolidato fiscale e incentivi

1.4 Altri aspetti


Tax FeatureAlgeria



2018

TunisiaLast reviewed: 1 January

2018

Consolidato fiscale Yes No Yes

Incentivi

Regional development areas

Oil and gas activities

CIT reduction for listedcompanies

Employment creation incentives

Export free zones

Tourism

Agriculture sector

Hydrocarbons sector

Investment in certain regions

Special offshore regime

Export companies

Investment in certain regions

Investment banks and companies

Small and medium-sizedcompanies

Agriculture and fishing sectors

Technology and energy-savingactivities

Islamic financial instruments


Incentivi per gli investimenti - Algeria

1.4 Altri aspetti


AlgeriaANDI – National Agency of Investment Developmenthttp://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

Industrial Park

http://www.andi.dz/index.php/en/regimes-d-avantages


Incentivi per gli investimenti - Marocco

1.4 Altri aspetti


MaroccoInvest in Moroccohttp://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).

Free Trade Agreements (FTA)

http://www.invest.gov.ma/?Id=1&lang=en


Incentivi per gli investimenti - Tunisia

1.4 Altri aspetti


TunisiaInvest in Tunisiahttp://www.investintunisia.tn/It/accoglienza_46_33

Nuova legge sull’investimento, entrata in vigore l’1 aprile 2017.

Incentivi fiscali e finanziari:- Imposte ridotte al 10% per le società totalmente esportatrici;

- Esenzione IVA e dei diritti di dogana per i prodotti da

riesportare;

- Vantaggi fino a 10 anni per le società sistemate nelle zone di

sviluppo regionale;

- Contributi d’investimento specifici per le zone di sviluppo

regionale, fino al 30% del costo d’investimento, limitato a 3

MTND;

- premi d’investimento per i settori prioritari e le filiere

economiche;

- Incentivi per investimenti in asset intangibili e spese di ricerca e

di sviluppo;

- Contributi per la formazione.

Zone di Sviluppo Regionale (ZSR)

Zone di sviluppo

regionale del

secondo gruppo

Zone di sviluppo

regionale del

primo gruppo

Contributi, fino 10 % del costo

del progetto 30% max 3 MTND 15 % max 1,5 MTND

Esenzioni fiscali100 % durante i primi 10

anni di attività e 10% dopo

100 % durante i primi 5

anni di attività e 10%

dopo

Sovvenzione per i contributi

previdenziali a carico

dell’azienda

100 % per 10 anni 100 % per 5 anni

Contributo per le spese in

infrastrutture nel settore

dell’industria, fino al 10% del

costo del progetto

85 % max 1 MTND 65 % max 1 MTND

Contributo ai Fondi di

Promozione dell’Alloggio per i

Salariati (FOPROLOS)

Esonero illimitato nel tempo Nessun vantaggio

TFP (Tassa sulla Formazione

Professionale)

Le imprese beneficiarie dei vantaggi di sviluppo

regionale conformemente alla legislazione in vigore sono

esenti dalla TFP.

Primo gruppo

Secondo gruppo

http://www.investintunisia.tn/It/accoglienza_46_33


Le principali norme da considerare:

- Residenza fiscale (Esterovestizione. Vedere anche DTT – Art. 4. In particolare sede direzione effettiva/place of effective management)

- 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

Principali aspetti di fiscalità italiana da considerare

1.4 Altri aspetti


ITco

DZco TNcoMAco

Regime fiscale

considerato

privilegiato

Livello nominale di

tassazione

inferiore al 50 per

cento di quello

applicabile in Italia

Tassazione per

trasparenza (i

redditi conseguiti

dal soggetto estero

controllato sono

imputati alla

società italiana)

A determinate

condizioni,

possibilità di

disapplicare la

norma CFC

verificare

2 Aspetti Societari


Aspetti Societari


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 (1/2)

2 Aspetti Societari


[


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 (2/2)

2 Aspetti Societari


[



Società per Azioni (Société Anonyme, SA) / Società a Responsabilità Limitata


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


Marocco (1/2)

2 Aspetti Societari


[


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


Marocco (2/2)

2 Aspetti Societari


[



Società per Azioni (Société anonyme, SA) / Società a Responsabilità Limitata

Normativa simile alle società europee (in particolare a quella francese)


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)


Tunisia (1/2)

2 Aspetti Societari


[


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 autorizzazionespeciale 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


Tunisia (2/2)

2 Aspetti Societari


[

3 I nostri riferimenti


I nostri riferimenti


I professionisti

Algeria Marocco Tunisia • Confindustria Vicenza - 27 febbraio 2018

Section 3 – I nostri riferimenti

Giovanni MaranoDottore Commercialistaphone 0039 049 [email protected]

Davide FrauAvvocatophone 0039 049 [email protected]

Photo

32

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Documents

- Confindustria Vicenzawebtv.confindustria.vicenza.it/importedfiles/PwC TLS.pdf · Strictly private and confidential Confindustria Vicenza - 27 febbraio 2018 Algeria Marocco Tunisia