Individuals or companies that operate under the underlisted investment code regime shall benefit from the following fiscal advantages.

i) During the lnstallation phase : Exemption from registration taxes.

During the operation phase :

  • A reduction of 50% in company tax, proportional tax on industrial and commercial profits and proportional tax on income from securities.
  • Carry forward of losses made in the first three years as a result of changing depreciation normally over a period of five years.
  • Reduction of taxable profits by an amount which cannot be carried forward amounting to 0.5% of the F.O.B. value of manufactured goods.
  • Exemption from taxes on insurance contracts.

The investment code regimes concerned are :

1) The basic regime
2) The small and medium size enterprises regime,
3) The strategic enterprises regime.

NOTE: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for specifics.

For further information contact Mr Nico Halle, Tel: +237 42 64 79 or Fax: +237 43 26 34 or enter text search 'Nico Halle Law Firm' and 'Mondaq Business Briefing'.