Tunisia: The Assembly of People's Representatives has approved the entire 2026 Finance Bill during a plenary session, securing 89 votes in favor, 23 against, and 12 abstentions. According to Agence Tunis Afrique Presse, an additional article aimed at enhancing tax fairness among individuals was also passed. This legislative move reintegrates Article 50 of the original version of the 2026 Finance Bill, which was initially submitted by the government and reintroduced for voting by Finance Minister Michket Slama Khaldi. The article was adopted with 72 votes in favor, 14 against, and 16 abstentions, despite its previous rejection by the Finance and Budget Committee. Article 50 is a part of the seventh section of the 2026 Finance Bill, focusing on tax reform and the digitalization of services. It repeals Article 23 of Decree No. 79 of 2022, which pertained to the 2023 Finance Law. The newly introduced legislation implements a 'wealth tax' on the assets of natural persons, starting January 1 each year. This tax encompasses assets owned by individuals as well as their minor children, covering both real estate and movable property. The wealth tax rates are set at 0.5% for assets valued between 3 and 5 million dinars, and 1% for assets exceeding 5 million dinars. The tax applies to real estate and movable property located in Tunisia, irrespective of the taxpayer's residency. For Tunisian residents, it also includes assets located abroad, in line with existing tax legislation. Taxable assets comprise the value of real estate, commercial assets, and movable property across various categories. However, the taxpayer's primary residence, used household furniture, property designated for professional use, operating commercial assets, and non-utility vehicles with a fiscal power of 12 horsepower or less are exempt. The value of taxable assets is assessed after deducting encumbered debts as outlined in the Code of Real Rights, excluding collateral provided to companies.