Republic of the Congo: Navigating VAT Regulations under Instruction No. 0339
The Congolese Ministry of Finance, Budget, and Public Portfolio issued Instruction No. 0339 regarding the implementation of VAT according to the 2024 Finance Law. This instruction encompasses several key points:
- Alignment with VAT legislation across Central African Economic and Monetary Community (CEMAC) member states.
- Confirmation that transactions conducted within the Republic of the Congo by taxable entities engaged in economic activities are subject to VAT.
- Inclusion of private legal entities as taxable entities, regardless of their turnover, along with individuals whose turnover, excluding tax, exceeds 100 million Central African CFA francs.
- Guidelines for determining the VAT base and applying VAT at the time of delivery.
- Establishment of the 18 percent general rate, 5 percent reduced rate, and zero percent export rate for VAT.
- Stipulations regarding invoicing, accounting, and reporting obligations.
Source: finances.gouv.cg
