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8.1.2. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty XOF 6,000 It is levied on shares, mergers, and increase in capital or share transfer that do not involve takeover of company subject to a fixed duty of XOF 10,000.
Payroll Tax 2% - 4% It is based on employee’s salaries, wages, benefits in kind, allowances etc.
Social Security Employer Contribution Varies based on gross salary of employee Employer's contribution comprises of following: pension - 6.4% family allowance - 9% industrial injury insurance - 1% to 4% (depends on the activity)
Social Security Employee Contribution 3.60% Employee’s contribution is 3.6% of gross salary.
Stamp Duty Varies There are fixed charges for stamping of documents and contracts. For other charges refer capital duty and transfer tax.
Transfer Tax Varies 1% is levied on short term lease or hire, 5% on long term lease or sale of moveable property and 5% on sale of land and buildings or business.
Real Property Tax 12% Effective 1 January 2022, a single tax rate of 12% applies to all rental income from buildings, whether furnished or not. Previously, it tax was due annually by the owner of the property at the rate of 6% of rental value on developed property, 5% for an undeveloped property. It was reduced if the property was vacant. Additionally, 6% of the rental value was payable by the tenant.
Customs Duty Varies It is levied on the customs value of imported goods. As a COVID-19 emergency measure, an exemption is granted from customs duties and taxes on health equipment, materials, and other health inputs including import and delivery of equipment, materials, and consumables used in the fight against the COVID-19 pandemic. The exemption applies from 1 January 2022 until 31 December 2022.
Excise Duty NA NA
Import Duties 1% A withholding tax of 1% is levied on corporate income of the registered companies. It is applied on the custom value of goods in addition to all other duties and taxes (excluding VAT).
Annual Tax on Banks and Financial Institutions 10% 10% is levied on gross value of interest, commission and other financial income.
Insurance Tax 5% to 20% It is levied on contracts for insurance of assets.
Business License Tax Varies The business license tax depends on the nature of the company’s activities and includes a fixed fee as well as proportional duty on professional premises.
Statistical Tax (T.STAT) 1% The T.STAT is levied on machinery and equipment, for agriculture, livestock, aquaculture, and fisheries, and their parts and on petroleum products under the re-export regime. The rate is 1% of the customs value. It applies from 1 January 2022 until 31 December 2022.
Urban Development Charge (RAU) 0.50% Effective from 1 January 2022 a new charge namely RAU, is introduced on all imported goods subject to a consumer regime, with the exception of basic necessities such as sugar, milk, pharmaceutical products, and agricultural inputs.
Corridor Security Charge (RSC) 0.50% Effective from 1 January 2022 a new charge namely RSC, is introduced on all imported goods subject to a transit procedure, with the exception of hydrocarbons destined for hinterland countries and uranium from Niger.

There are certain taxes applicable to the companies engaged in specified industry sectors.