Regulatory Alerts2016-12-30
Central Bank of Tunisia Circular to Approved Intermediaries No. 2016-8 dated December 30, 2016
The Central Bank of Tunisia issued Circular No. 2016-8 to establish and standardize business travel allowances for resident natural and legal persons through approved intermediaries. The regulation defines two primary allowance regimes—'exporters' (calculated at 25% of repatriated export revenues up to 500,000 TND annually) and 'other activities' (calculated at 8% of prior-year turnover up to 50,000 TND annually)—while mandating strict documentation, domiciliation requirements, and monthly electronic reporting. It further outlines transitional provisions for pre-existing allowances, transfer mechanisms (cash, wire, or international cards), and compliance obligations to ensure all funds are exclusively used for professional stay expenses abroad.