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Gabon 2016 Budget Law Measures Include Increased Withholding Taxes, VAT Changes and Others

13 June 2016

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Approved Changes

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Gabon

Gabon's Budget Law 2016 was published in the Official Gazette on 15 February 2016. The main tax-related measures of the law include: The withholding tax rate for branch profit's is increased from 15% to 20%; The withholding tax rates for interest and royalties is increased from 10% to 20%; The withholding tax for payments for services furnished or used in Gabon is increased from 10% to 20%; Rental payments for immovable property are deductible, with the condition that the payments due not exceed the average for similar properties; VAT input deductions are restricted for services supplied by non-residents that could...