It has been reported that Gabon will introduce an anti-avoidance rule to the General Tax Code. The main purpose of this measure is to enable the Revenue Authority to tax capital gains on the indirect transfer of Gabon-based assets (including gains on the shares of Gabon resident companies) through a non-resident intermediate holding vehicle. It is not known at this stage whether the provision will be drafted in the form of a Specific Anti-Avoidance Rule (SAAR) or as a General Anti-Avoidance Rule (GAAR). The new measure is expected to be included in the Finance Law 2014.
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