Gabon

25% WHT

When they are paid by a debtor established in Gabon to individuals or companies subject to CIT or PIT that do not have a permanent professional base in Gabon, the following amounts are subject to a 25% WHT:

• All amounts paid pursuant to the practice of an 'independent profession' in Gabon.
• Payments received by inventors, payments relating to copyrights, and all payments relating to intellectual and commercial property as well as assimilated rights.
• All amounts paid for services materially rendered or effectively used in Gabon.
• Interest, arrears, and all others fixed-income investment-products pertaining to income declared as professional revenue of the beneficiary.

Net profits carried out by branches of foreign companies having their head offices abroad are also subject to a 25% WHT in Gabon before they are taken into account by the foreign companies.

The WHT of 25% may not apply in the context of the application of a DTT, as follows:

Notes

1. If the beneficial owner of the dividends, interest, or royalties is a resident of the other contracting state.
2. If the person receiving the dividends, interest, or royalties is the beneficial owner.
3. 5% if consideration is for studies, technical, financial, accounting, or tax support provided in a Contracting State, 7.5% for other royalties.

Transferable securities income tax (IRCM)

IRCM is due at a 20% rate on revenues from stocks and shares paid to legal entities. It is due by beneficiaries of these revenues and must be withheld by the distributing company.