According to recent reports, Chad's Finance Law for 2020 (Law 043/PR/2019) was promulgated on 31 December 2019. The main tax-related measures of the law include the following:
- A new definition of permanent establishment is introduced based on OECD standards;
- An exemption from the limitation on the deduction of restaurant, hotel, reception, and related costs is provided for airline companies;
- A restriction is introduced on the deduction of expenses paid in cash equal to or above XAF 500,000; …