Further to the measures previously reported on Benin's Finance Law for 2019, additional important measures of the law include:
- The dividends withholding tax rate on dividends distributed by listed companies is reduced from 7% to 5% (standard rate is 10% for joint stock companies; otherwise, 15%);
- Rules on the depreciation of fixed assets under financial lease contracts are amended, including that the assets should be registered on the balance sheet of the lessee rather than the lessor, and t…