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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.
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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
- Royalty Income
- Foreign Income
Since adhesion of the Democratic Republic of the Congo into the Organisation for the Harmonisation of Business Law in Africa (OHADA) law treaty effective from 12 September 2012, or as from 1 January 2015 as far as accounting matters are involved, the inventory valuation methods permitted are as follows: 1. The weighted average cost method. 2. Last ...
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. However, new rules have been enacted by the updated Mining Code as regards capital gain realised by non-resident entities wh...
Local-sourced dividends received by a local company are subject to a 20% income tax rate under standard law. Of the gross dividends received by resident companies, 90% are excluded from the CIT base, provided that such dividends have been subject to the 20% WHT.
The DRC Tax Law defines royalties as any kind of remuneration paid for the use, or for the concession, of a copyright on art works, scientific works, film works, brands, charts, any design or formula, or any secret process or recipe, as well as for the use of industrial, commercial, or scientific equipment and for intellectual property (IP) in any ...
If an income is considered as foreign-sourced, by application of the territoriality principle, it is not taxable in the Democratic Republic of the Congo.
Capital Gains. Increases resulting from capital gains and depreciation that are realized and either realized or expressed in the accounts or inventories are included in profits and are subject to tax at a rate of 40%.
Feb 28, 2024 · The Democratic Republic of the Congo attained independence in 1960 and was known as Zaïre prior to 1997. It is the second largest country in Africa and is divided into 26 provinces, with Kinshasa as its capital.
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.
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.
Kinshasa (/ kɪnˈʃɑːsə /; French: [kinʃasa]; Lingala: Kinsásá), formerly named Léopoldville until 30 June 1966, is the capital and largest city of the Democratic Republic of the Congo. Once a site of fishing and trading villages along the Congo River, Kinshasa is now one of the world's fastest-growing megacities.
