OrbitaxOrbitax

Comoros Tax Measures for 2019 Include New Minimum Tax and Consumption Tax Rates

|Approved Changes|Comoros
Comoros

The Comoros Finance Bill 2019 was signed into law as Law 19-001 on 2 January 2019. The main tax-related measures include:

  • The minimum corporate income tax is set at 3% of annual turnover; and
  • The consumption tax rate was set at:
    • 5% for restaurant services, banking activities, and international transport;  
    • 7.5% for mobile phone services; and
    • 25% for casinos activities.

The measu…

Continue Reading