Gabon 2016 Budget Law Measures Include Increased Withholding Taxes, VAT Changes and Others

Gabon's Budget Law 2016 was published in the Official Gazette on 15 February 2016. The main tax-related measures of the law include:

• The withholding tax rate for branch profit's is increased from 15% to 20%;
• The withholding tax rates for interest and royalties is increased from 10% to 20%;
• The withholding tax for payments for services furnished or used in Gabon is increased from 10% to 20%;
• Rental payments for immovable property are deductible, with the condition that the payments due not ex…