Corporate - Significant developments

Last reviewed - 28 July 2022

Further to the promulgation of the Financial Act for 2022, the following new tax measures have notably been introduced:

  • Reduction, from five years to three years, of the period of exemption of corporate income tax (CIT) granted to small and medium companies, as defined by the law related thereto, and to investment capital companies.
  • Limitation of the period of exemption of CIT granted to authorised companies operating in the urban lands development intended for social housing and building of social economical housing to the first three years of realisation of the investment project.
  • Cancellation of the CIT rate of 25% granted to some categories of companies, establishments, and associations.
  • Introduction of the obligation for a company located in Gabon whose rights are transferred to proceed with the collection and payment, within one month from the realisation of the transfer, of a discharge levy at the rate of 20% carried out on the capital gain of social rights referred to in article 7.2 of the Gabonese Tax Code.
  • Reduction from 500,000 to 300,000 Central African CFA francs (XAF) of the minimum amount from which an invoice must be issued for any sale, rent, or provision of service and introduction of the code of authentication as mandatory information to be mentioned in invoices.
  • Abrogation of the exemption of value-added tax (VAT) for specific operations referred to in former article 210.12 to 20 of the Gabonese Tax Code (notably the sale of used goods, real estate loans inferior to XAF 50 million granted to individuals for the acquisition or building of a residence in Gabon, and importations of equipment and tools intended exclusively for the construction of social economic housing by authorised promoters).
  • Extension of the scope of application of the reduced rate of VAT of 5% to specific operations formerly exempted from VAT.
  • Introduction of a unique land tax, the 'CFU'.
  • Introduction of the obligation for any individual or entity legally liable for the payment of tax as per the provisions of the Gabonese Tax Code to proceed to its registration through an electronic process (or physically when the process cannot be done electronically) within the first 45 days following the beginning of its activities.
  • Obligation for the above-mentioned individuals and entities to file their returns through an electronic process.
  • Introduction of a sanction, consisting of the immediate suspension of the tax incentives and to the reassessments of the tax advantages granted, in case of non-compliance of companies benefiting from tax advantages to their declaratory obligations.
  • Acknowledgement of the probative value of emails issued by the tax administration in the scope of their correspondence with taxpayers.
  • Acknowledgement of the electronic signature mentioned in correspondences between the tax administration and taxpayers, which now has a probative value equivalent to the handwritten signature.