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- There is no special tax on capital gains in the DRC. Capital gains are treated as ordinary income and subject to corporate tax. It should be noted that latent capital gains on business assets are exempted in so far as they are not realized by the taxpayer. The rate is 30% in common law and 30% for mining companies.
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Capital gains tax There is no special tax on capital gains in the DRC. Capital gains are treated as ordinary income and subject to corporate tax. It should be noted that latent capital gains on business assets are exempted in so far as they are not realized by the taxpayer. The rate is 30% in common law and 30% for mining companies.
Oct 15, 2024 · Capital gains are included in the corporate taxable basis of the local entity benefitting from the capital gain and, as such, subject to the 30% CIT. However, new rules have been enacted by the updated Mining Code as regards capital gain realised by non-resident entities when selling shares.
Capital gains tax (general regime) Capital gains are treated as ordinary business income and are taxed at the standard income tax rate (30%). However, the General Tax Code grants some derogations to this principle.
Guide covering income tax (including employment, investment, and capital gains), social security contributions, taxes on capital, inheritance and gift taxes, and taxation of resident, expatriate and non-resident individuals. Congo (Dem. Rep.) – Corporate Taxation. Database. IBFD.
Capital Gains Taxation. Capital gains are treated as taxable income and are subject to the standard corporate income tax rate. Main Allowable Deductions and Tax Credits.
Jul 27, 2024 · Capital gains. Capital gains are treated as ordinary business income and are taxed at the standard CIT rate of 28%. However, a capital gain realised on the disposal of a fixed asset in the course of trading is excluded from income for a period of three years if the taxpayer reinvests the gain in new fixed assets for the business.
Capital gains on disposal by holding companies of their shares are subject to corporate income tax at a rate equal to one quarter the standard corporate income tax rate or may be exempted from corporate income tax under certain conditions.
