Gabon

Further to the promulgation of the Finance Act for 2025, the following new tax measure has notably been introduced:

• Exemption from corporate income tax (CIT) for the following:
  • Local authorities and their public service agencies.
  • Capital investment companies (subject to certain conditions).
  • Tourism and hotel businesses for the first three years of their operation (with minimum investment of 300 million Central African CFA francs [XAF]).
  • Real estate developers for social housing projects (subject to prior approval).

Similarly, the Finance Act for 2024 details the following tax measures:

• Extension of the list of goods and operations exempted from value-added tax (VAT).
• Increase of the VAT rate applicable to some goods and operations formerly subject to a reduced rate.
• Extension of the reduced VAT rate of 5% to new products: cement, reinforcing steel, computers (fixed and portable), canned vegetables and fruit, local mineral water, washing powder, etc.
• Exemption from VAT for oil sales intended for small-scale fishing activities.
• Application of excise duties at the rate of 5% on the mobile telecommunication activities that were previously exempted.
• Increase from 20% to 25% of the rate of the withholding tax (WHT) applicable on the remuneration paid for services and on the royalties paid to non-residents.
• Restriction of the right to report losses when granted tax incentives.
• Limitation of the report of amortisation up to five years (previously, the report was not limited).