Benin has published Law No. 2018/39 of 28 December 2018, which includes the finance measures for 2019. One of the main tax-related measures includes that the deductibility of interest expenses incurred on loans granted by shareholders or other related parties are subject to the following limitations:
- The value of loans should not exceed the share capital value (except for holding companies);
- Interest expenses should not exceed 30% of EBITDA;
- The interest rate should not exceed the average r…