Congo, Republic of

Individual - Sample personal income tax calculation

Last reviewed - 13 January 2021
Tax computation Husband (XAF) Wife (XAF) (XAF)
Salary 20,000,000 10,000,000  
       
Dividends from Congolese companies (husband, XAF 1,700,000 plus XAF 300,000 withheld; wife, XAF 850,000 plus XAF 150,000 withheld) 2,000,000 1,000,000  
       
Real estate income (husband, XAF 2,200,000 plus XAF 200,000 withheld, wife, XAF 1,100,000 plus XAF 100,000 withheld) 2,400,000 1,200,000  
       
Total income 24,400,000 12,200,000  
       
Less:      
Interests on loans (1,000,000) 0  
Medical fees (200,000) 0  
Total deductions (1,200,000) 0  
       
Taxable income 23,200,000 12,200,000  
     
Net taxable income before notional expense deduction   35,400,000
Standard deduction   (7,080,000)
Taxable income   28,320,000
Number of shares   2.0
Taxable revenue per share   14,160,000
     
PIT due per share:    
1st bracket (1% up to XAF 464,000) 4,640  
2nd bracket (10% between XAF 464,000 and XAF 1 million) 53,600  
3rd bracket (25% between XAF 1 million and XAF 3 million) 500,000  
4th bracket (40% over XAF 3 million) 4,464,000  
    5,022,240
     
Total PIT due   10,044,480
     
Departmental tax   4,000
     
Total tax liability   10,048,480
     
Less withholding on dividends and real estate income   (750,000)
     
Total tax due   9,298,480