The Democratic Republic of the Congo has reportedly introduced various tax changes for 2020 as part of the Finance Law 2020, which was published in the Official Gazette on 3 January 2020. Some of the main changes include the following:
- The bottom individual income tax bracket rate is increased from 0% to 3%, resulting in the following brackets/rates:
- up to CDF 1,944,000 - 3%
- CDF 1,944,001 - 21,600,000 - 15%
- CDF 21,600,001 - 43,200,000 - 30%
- over CDF 43,200,000 - 40%
- The number of advance c…