Congo, Democratic Republic of the

Finance Law for 2024

The Finance Law for 2024 entered into force as of 1 January 2024.

The main changes enacted are as follows:

Value-added tax (VAT)

The taxpayer is required to submit detailed lists of transactions (turnover) with the VAT return, in accordance with the models defined by the tax authorities.

Corporate income tax (CIT)

Payment of the minimum tax set at 1% of declared turnover is only due for one twelfth per month or fraction of a month when the taxpayer began operations after January.

The number of CIT instalments has been reduced from 4 to 3, and there have been changes in their rates and deadlines, as follows:

• 30% of the CIT base is due for the first two instalments.
• The 1st instalment is due before 1 August of the year in which the taxable income is earned.
• The second instalment is due before 1 October of the year in which the taxable income is earned.
• 20% of the CIT base is payable before 1 December of the year in which the taxable income is earned.