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Chad Finance Law for 2022 Includes Penalty Relief for Tax Regularization and New Investment Incentives

27 January 2022

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Approved Changes

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Chad

Chad's Directorate General of Tax has announced the entry into force of the Finance Law for the 2022 financial year, Law No. 0010/PCMT/2021 of 31 December 2021. Some of the main tax measures of the law include: A general exemption from penalties, fines, and default interest is provided for taxpayers that spontaneously regularize their tax and duties situation, and if not, taxpayers concerned will be subject to the administrative, fiscal, and criminal penalties in force during tax audits; The 1.5% minimum tax on turnover is amended with the removal of minimum (floor) amounts of 1 million CFA francs for taxpayers...