Djibouti Introduces Restriction on the Deduction of Salaries Paid to Foreign Employees
The Djibouti Finance Law for 2019 was issued on 31 December 2018. One of the main tax measures of the law is the introduction of a new restriction on the deductibility of salaries paid to foreign employees when the company employs more than 5 foreign staff. The new measure provides that, in such cases, salaries paid to foreign employees are deductible from taxable profit only for 20% of their …
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