author_orbitax
Orbitax

Share This Article

Republic of the Congo Providing Several Tax Relief Measures in Response to COVID-19

16 April 2020

|

Approved Changes

|

Congo

The Republic of the Congo government issued a Decree on 15 April 2020 that provides several relief measures in response to the COVID-19 pandemic. These include the following: A reduction of the corporate tax rate for 2020 from 30% to 28%; A reduction of the tax rate under the simplified tax regime for 2020 to: 5% (from 7%) of turnover exclusive of taxes generally; and 8% (from 10%) of the annual gross margin exclusive of taxes for traders whose pricing and margins are government-controlled; A suspension of all tax audits for a period of 3 months beginning from 1 April...