Tuesday, 22 December 2009
Traditions in " TUNISIA "
Just some funny pics, and some costumes tradition such as ( el Jobba or el jilbab, and the safsari for ladies, it's just a white material to cover up for a really jallous husband, and the chachia, it's a red hat for man. levely tradition, you will see that more often in a small towns.
Tunisia: Living There - Tax Issues


Living There:
INDIVIDUAL TAXATION
Tunisian residents are taxed are taxed on their worldwide income. Married couples are taxed jointly.
Source: Global Property Guide
Resident individuals are entitled to the following allowances:
TND150 (US$110) for the family head
Dependent allowance
TND90 (US$66) (£42)for the first child
TND75 (US$55) (£36) for the second child
TND60 (US$44) (£28)for the third child
TND45 (US$33) (£21)for the fourth child
TND300 (US$220) (£142) for each child under 25 who is pursuing further education, and is without a scholarship
TND750 (US$550) (£360) for handicapped children, whatever his age or place in the family
5% of total net revenue for each dependent parent, with a maximum deduction of TND150 (US$118) per parent, on the condition that the parents’ revenues do not exceed the minimum professional wage
The following additional deductions are also available to residents:
Premiums on life insurance contracts;
up to TND1,200 (US$881) for the taxpayer,
TND600 (US$441) for the spouse,
TND300 (US$220) for each dependent children (maximum of four dependent children)
Repayment for student loans
Amounts deposited in investment savings plans in Tunisian banks, maximum of TND20,000 (US$14,686)
Amounts subscribed to venture capital investment companies
RENTAL INCOMERental income is included in the aggregate income and is taxed at progressive rates. A standard deduction of 30% of gross rent is given to account for income-generating expenses.
Itemized deduction of actually incurred expenses may be used over the standard deduction if justified by proper documents.
CAPITAL GAINSCapital gains are taxed at progressive rates. The taxable capital gains are calculated by deducting the following from the real or assessed transfer price: acquisition costs and incidental expenses, 10% of the acquisition cost for each year the property was held by the owner; and improvement costs.
PROPERTY TAX
Real Estate Tax:
Real estate tax is payable annually by the property owners in Tunisia. The tax is levied at 2% on the evaluated square meter value of the property, which is determined by the law every three years.
The real estate tax will be levied on the rental income value of the property if it is less than the evaluated square meter value of the property.
The law provides for four categories of buildings, classified according to area (less than 100 sq. m, between 100 sq. m and 200 sq. m, between 200 sq. m and 400 sq. m and more than 400 sq. m).
Footnotes to Transaction Costs Table

The round trip transaction costs include all costs of buying and then re-selling a property – lawyers’ fees, notaries’ fees, registration fees, taxes, agents’ fees, etc.
Currency:Tunisia uses Tunisian Dinar (TND). The exchange rate as of 20 Dec 2009 was US$1 = TND1.23660. The assumed property value is US$250,000, or approximately TND309,000 (309,150), with English Sterling (£) the rate is 2.02. 2 dinars and a bit for a pound. means if you find a house for 100.00.000 Dinar that's £50.000. not bad at all. ( rate updated by Majdi 22.12.09)
Currency:Tunisia uses Tunisian Dinar (TND). The exchange rate as of 20 Dec 2009 was US$1 = TND1.23660. The assumed property value is US$250,000, or approximately TND309,000 (309,150), with English Sterling (£) the rate is 2.02. 2 dinars and a bit for a pound. means if you find a house for 100.00.000 Dinar that's £50.000. not bad at all. ( rate updated by Majdi 22.12.09)
Location: Tunis
Transfer Tax: The transfer of immovable property is subject to 5% registration duty.
Real Estate Agent's Fee: The agent's fee is typically 3%, paid by the buyer.
Registration Fee: In addition to the transfer tax, there is a 1% duty on registered real estate paid upon transfer of rights.
Contract Fee: Stamp duty is levied on all contracts, documents and agrrements that are subject to registration duty. Fee for the contract is 0.1% of property value.
Miscellaneous Registration Fees: Other fees payable (not expected to exceed 0.01% of property value)
How difficult is the property purchase process in Tunisia?
Foreigners are allowed to purchase real estate property in Tunisia. Until recently, Tunisian government officials discouraged investment in the real estate sector. Nonetheless, this policy seems to be being relaxed, though all real estate transactions are still subject to approval.
Agricultural land cannot be bought by foreigners. Leasing of (agricultural) land up to 40 years, however, is allowed.
A preliminary contract of sale (“promesse de vente” or promise of sale) is executed between the contracting parties. Whether there are any legal encumbrances on the property should be first checked at the Regional Land Ministry.
The preliminary contract should include:
the name of the contracting parties;
address and other identification details of the property;
specification of what costs the seller and purchaser bear;
presence of tenant and date of vacancy (if relevant);
“delay of realization of sale”, whichrefers to a grace period, during which the purchaser can fulfill needed documentation and secure funding.
a deposit equivalent to 10% of the sale price is expected.
The contract is then prepared by a lawyer or a notary after consultation with the property registry services. In either case, the contract still needs to be notarized, and the contracting parties should be present.
After payment of the transfer tax and registration fee, the purchaser files an application for a title deed at the Land Property Administration, and doe a property certificate from the Regional Land Registry.
The transfer tax is determined as follows:
INCOME TAX, PHP (US$)
AREA
TAX
Up to 120 sq. m
1%
121 – 300 sq. m
2%
301 – 600 sq. m
3%
Over 600 sq. m
5%
Source: Global Property Guide
MR: MAJDI LOUHICHI
Agricultural land cannot be bought by foreigners. Leasing of (agricultural) land up to 40 years, however, is allowed.
A preliminary contract of sale (“promesse de vente” or promise of sale) is executed between the contracting parties. Whether there are any legal encumbrances on the property should be first checked at the Regional Land Ministry.
The preliminary contract should include:
the name of the contracting parties;
address and other identification details of the property;
specification of what costs the seller and purchaser bear;
presence of tenant and date of vacancy (if relevant);
“delay of realization of sale”, whichrefers to a grace period, during which the purchaser can fulfill needed documentation and secure funding.
a deposit equivalent to 10% of the sale price is expected.
The contract is then prepared by a lawyer or a notary after consultation with the property registry services. In either case, the contract still needs to be notarized, and the contracting parties should be present.
After payment of the transfer tax and registration fee, the purchaser files an application for a title deed at the Land Property Administration, and doe a property certificate from the Regional Land Registry.
The transfer tax is determined as follows:
INCOME TAX, PHP (US$)
AREA
TAX
Up to 120 sq. m
1%
121 – 300 sq. m
2%
301 – 600 sq. m
3%
Over 600 sq. m
5%
Source: Global Property Guide
MR: MAJDI LOUHICHI
TUNISIA TOURIST ATTRACTIONS
Tourist attractions in Tunisia include ruins of Carthage, Sousse Old City, Ribat in Monastir, Yasmine Hammamet resort town, and the island of Djerba.Carthage ruins are located about 15 km North of the capital city Tunis, and are the remains of the ancient Empire of Carthage, which, together with ancient Rome, was one of the most influential empires of its time.
Carthage also, for part of its history, was the ancient Roman Empire's capital for the province of Africa.
One of the best ways to learn about the city's history is to visit the Carthage Museum, which is located at the Byrsa hill. The museum contains most of the ancient artifacts found at the archeological excavations in the area.
The ruins of the Antonine Baths, which are in the area, are remains of the baths that were in their time the biggest in ancient Rome. They were build between 145 and 165 AD, and they are one of the best examples of the wealth that was part of ancient Carthage.
Of the tourist attractions in Tunisia, Sousse Old City (opensousse.co.cc) is part of UNESCO world heritage list of sites, and contains, in a compact area, several magnificent historical buildings.
Among these buildings is the Great Mosque, which was built about 850 AD, and is for its construction style Aghlabite architecture, and the Old City Bazaar, which is a good place to purchase Tunisian handcrafts.
Sousse, on the Mediterranean coast, is also known for its wonderful beaches and clear, turquoise-like sea.
Monastir near Sousse has the Monastir Ribat, which is an example of the Mediterranean fortresses that once were in the coast of Africa as a defensive line from Morocco to Egypt, and which were constructed to protect the African Muslim empire against attacks.
The Monastir Ribat is the oldest and the most important fortress of its type in the entire Maghreb region. It was constructed in 796 AD, after which its expansion work continued all the way until 11th century.
When in Ribat, it is worthwhile to visit its guard tower, from where you can see magnificent views over the whole village of Monastir.
Tourist attractions in Tunisia also include Yasmine Hammamet resort town (yasmine.com.tn), which has been constructed into a coastal area of 278 hectares with 4 kilometers of beaches of the most beautiful Tunisia, about 6 km from the village of Hammamet.
The resort town has 44 hotels, of which most are 4 and 5 star hotels, a harbor, with space for 740 boats, and a center surrounded by a wall, where a marketplace functions.
The resort town also includes a theme park, a casino, a thalassoterapia center, and a famous coastal promenade, along where there are shops, cafes, gardens, parks, and entertainment centers. There are also two golf centers nearby.
Hammamet is very popular vacation area for locals, including the country's president, and it is famous for its jasmine flowers, whose scent fills the area's air, and after which the resort town has been named.
Tourist attractions in Tunisia also include the island of Djerba, which is the biggest island in North Africa, located on the bay of Gabes, Mediterranean sea, and it is known especially for its exceptionally beautiful beaches, land formations, and high quality hotels.
Tourists come to Djerba also because of the first Star Wars movie from 1977, whose "Mos Eisley" scene's (starwars.com/databank/location/moseisley/) outdoor filming was done at the Ajim village in Djerba.
Djerba has a rich history, and according to the legend, Odysseus shipwrecked to the island on his journey across the Mediterranean. During its history, the island has been called up to 3rd century AD as Meninx, and it has been in turn part of the ancient Roman Empire, Norman Sicilian Kingdom, and Spain.
Tunisia " The Most Attractive Country In Africa "
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