The Ministry of Finances and Budget of the Republic of the Congo has published a copy of the Finance Law for 2022, which was approved as Law No. 51-2021 of 31 December 2021. Tax measures of the law include the following:
- Rules regarding the simplified tax on a deemed profit rate of 22% of turnover for certain companies are amended with an additional provision that foreign subcontractor companies that have not been temporarily authorized to operate in the Congo will be subject to 20% withhol…