Tax incentives are provided by:
- The General Tax Code.
- Petroleum agreements concluded between oil companies and the Government of Republic of Chad.
- Mine agreements concluded between oil companies and the Government of Republic of Chad.
The main tax incentive provided by General Tax Code is an investment allowance of 40% of the amount invested and applicable to investments exceeding XAF 60 million for construction industry, purchase of equipment and major tools, creation or extension of agricultural planting, and development of farming sites.
Tax incentives provided by petroleum and mine agreements are namely:
- CIT exoneration.
- VAT exemption.
- Apprenticeship tax exemption.
- Property taxes.
Foreign tax credit
There are no provisions for foreign tax credit in Chad.