Central African Republic Corporate Income Tax

Corporate income tax (Impôt sur les Sociétés)

Companies are subject to the Impôt sur les Sociétés (IS) on taxable profits, with a minimum tax based on turnover where the IS computed is lower. Rates and the minimum tax basis below are a source-cited draft to be verified against the current CAR finance law.

• Standard corporate income tax rate — 30% percent (Code Général des Impôts (CAR) — Impôt sur les Sociétés)
• Reduced rate — agricultural activities — 20% for resident companies engaged in agricultural activities percent (approx — confirm) (Code Général des Impôts (CAR) — Impôt sur les Sociétés)
• Minimum lump-sum tax (IMF) — general businesses — 1.85% of annual turnover percent (approx — confirm) (Code Général des Impôts (CAR) — Impôt Minimum Forfaitaire)
• Minimum lump-sum tax (IMF) — agriculture — 3% of turnover for agriculture-related businesses percent (approx — confirm) (Code Général des Impôts (CAR) — Impôt Minimum Forfaitaire)
• Tax base — Net taxable profit (worldwide profit for resident companies; CAR-source profit for permanent establishments of non-residents) (approx — confirm) (Code Général des Impôts (CAR) — Impôt sur les Sociétés)
• Withholding tax on dividends — 15% (non-residents) percent (approx — confirm) (Code Général des Impôts (CAR))
• Withholding tax on royalties — 20% (non-residents) percent (approx — confirm) (Code Général des Impôts (CAR))
• Withholding tax on non-resident service fees — 15% on CAR-source service payments to non-residents percent (approx — confirm) (Code Général des Impôts (CAR))
• Withholding tax on interest — 15% (non-residents) percent (approx — confirm) (Code Général des Impôts (CAR))
• Annual return filing & payment deadline — 30 April of the year following the financial year (approx — confirm) (Code Général des Impôts (CAR))