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Republic of the Congo 2022 Finance Law Tax Measures

18 January 2022

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Approved Changes

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Congo (Rep. of)

The Ministry of Finances and Budget of the Republic of the Congo has published a copy of the Finance Law for 2022, which was approved as Law No. 51-2021 of 31 December 2021. Tax measures of the law include the following: Rules regarding the simplified tax on a deemed profit rate of 22% of turnover for certain companies are amended with an additional provision that foreign subcontractor companies that have not been temporarily authorized to operate in the Congo will be subject to 20% withholding tax instead of the simplified tax; The provisions on taxable profit from the Congo are...