NEWS #monnaie

The introduction into the structure of the Congolese tax system of corporate tax and personal income tax calls for the modification of law n°004/2003 of March 13, 2003 relating to tax procedures. These modifications relate particularly to the provisions relating to reporting obligations, the methods of exercising control and the methods of recovery. With regard to reporting obligations, this law introduces a provision concerning: - the declaration of corporate tax and tax on natural persons; - the declaration of withholding tax on personal income in the categories of salary and similar income, income from movable capital and capital gains realized by natural persons;

In the event of late filing of a declaration, the law provides in its Articles 29 and 30 the following Article 29 Article 89 of Law No. 004/2003 of March 13, 2003 on Reform of tax procedures is amended as follows: "Article 89: When the defaulting debtor regularizes his situation before receiving formal notice to declare and within the time limit set in Article 5 of this Law, only an increase equal to 25% of the amount of tax declared