Congo, Democratic Republic of the

Corporate - Significant developments

Last reviewed - 20 July 2021

Finance Law for 2021

The Finance Law for 2021 entered into force as of 1 January 2021.

The main changes enacted are as follows:

Value-added tax (VAT)

  • Removal of the exemption in respect of VAT at the time of the importation of goods by mining companies.
  • Details for the establishment, liquidation, declaration, and repayment of VAT on importation of goods by mining companies.
  • Additional condition related to the deduction of the VAT for exports.

Corporate income tax (CIT)

  • Provisions for doubtful receivables made by microfinance institutions are deductible if:
    • they are made in accordance with their purpose
    • they are justified by the situation of the debtor, and
    • the loss is clearly specified.
  • Deduction of funds allocated by companies to the National Fund against Pandemic COVID-19.

Tax procedure

  • Reduction of the time limits for claims, notification of decisions, and legal recourse, as follows:
    • Initially set at six months, the time limits granted to the taxpayer to submit a claim or a legal remedy have been reduced to three months.
    • Likewise, the tax administration has a period of three months to notify the taxpayer of its decision on the claim.
    • Also, the tax administration can no longer apply recovery penalties in the event of tacit rejection of the claim.
  • Details of the appendices to the CIT return.