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- Capital gains are treated as ordinary business income and are taxed at the standard CIT rate of 28%.
taxsummaries.pwc.com/Republic-of-Congo/Corporate/Income-determination
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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.
- Inventory valuation
- Capital Gains
- Dividend Income
- Interest Income
- Royalty Income
- Foreign Income
Stocks are valued at cost price. However, if the market price is lower than the cost price, the undertaking shall make provisions for depreciation of inventory.
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. If the business is totally or par...
Dividends are treated as ordinary business income and are taxed at the standard CITrate (after 15% WHT tax).
Interest received constitutes taxable income subject to CIT at the rate of 28%. Subject to any specific provisions, interest paid or deemed to be paid is subject to a WHT at the rate of 20% of the interest paid. The interest paid is deductible for CIT purposes for the Congolese company to the limit of 20% of the taxable profit before deduction of t...
Royalties received constitute taxable income subject to CIT at the rate of 28%. Subject to any specific provisions, royalties paid or deemed to be paid are subject to a WHT at the rate of 20% of the royalties paid. The royalties paid are deductible for CIT purposes for the Congolese company to the limit of 20% of the taxable profit before deduction...
Resident companies are taxed only on income (except for dividends received abroad) derived from their activities carried out in the Republic of Congo.
Oct 15, 2024 · Capital gains. There is no specific tax regime applicable to capital gains in DRC Tax Law. 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.
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.
Taxes on income, profits and capital gains (current LCU) - Congo, Dem. Rep. International Monetary Fund, Government Finance Statistics Yearbook and data files. License : CC BY-4.0
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
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.
