VOL. XLIII

No. 41

9-OCTOBER-2000

TUNISIA

New Hydrocarbon Law

Tunisias new hydrocarbon law, which was promulgated on 20 August 1999 and made effective on 20 August 2000, contains a number of important amendments to the previous legislation (for the full provisions of the law, see http://www.etap.com.tn/hydroc/html/hydroc.htm). These amendments cover five main areas:

  1. Income Tax

  2. In the new joint venture regime the rate of income tax is linked to participation by the Tunisian national oil company...