Regulatory Alerts2016-12-30
Central Bank of Tunisia Circular to Approved Intermediaries No. 2016-09 dated December 30, 2016
The Central Bank of Tunisia issued Circular No. 2016-09 to establish comprehensive rules for current account transfers executed by approved intermediaries, covering service provisions, foreign contracts, advance payments, and salary savings. The circular mandates specific supporting documentation, tax compliance certificates, and the use of the "Carte Technologique Internationale" for online transactions, while clarifying exclusions such as head office expenses and defining reporting timelines via the SED system. It repeals conflicting prior regulations, notably Circular No. 93-21, and standardizes domiciliation, foreign exchange export authorizations, and quarterly reporting to ensure transparent monitoring of cross-border financial flows.