Tunisian Government Policy Concerning Edible Oils

It was reported in the latest USDA report that the Tunisian Government continues its policy to subsidize vegetable oil purchased by The Office National De L’Huile (ONH) in order to maintain a relatively low market price at the retail level. Through the Compensation Fund (Caisse Generale de Compensation), the Government would write off the losses incurred by the ONH resulting from selling at prices that are lower than purchase costs.

In order to maintain low prices of edible oils in the market, the government confirmed the reduction and removal of taxes and VAT on a list of edible oils (palm oil, soybean oil, corn oil, and sunflower oil).ed in the latest USDA report that the Tunisian Government continues its policy to subsidize vegetable oil purchased by The Office National De L’Huile (ONH) in order to maintain a relatively low market price at the retail level. Through the Compensation Fund (Caisse Generale de Compensation), the Government would write off the losses incurred by the ONH resulting from selling at prices that are lower than purchase costs.

In order to maintain low prices of edible oils in the market, the government confirmed the reduction and removal of taxes and VAT on a list of edible oils (palm oil, soybean oil, corn oil, and sunflower oil).

Vegetable oils custom duties

Products

Custom Duties

Value Added Taxes

Palm Oil-Raw

-0-

-0-

Palm Oil-Refined

10%

-0-

Sunflower Oil-Raw

-0-

-0-

Sunflower Oil-Refined

10%

-0-

Rapeseed Oil-Raw

-0-

-0-

Rapeseed Oil-Refined

10%

-0-

Corn Oil-Raw

-0-

-0-

Corn Oil-Refined

10%

-0-

Soybean Oil-Raw

-0-

-0-

Soybean Oil-Refined

10%

-0-

Wednesday, March 13, 2013

Facebooktwittergoogle_plusredditpinterestlinkedinmail