Benin Tax Agency Posts 2023 Tax Policy Summary

The Beninese General Directorate of Taxes Feb. 17 posted online the 2023 tax policy summary. The summary includes: 1) an overview of various taxes, including corporate, VAT, asset-based, professional, excise duty, real estate capital gains, wage and salary, and other indirect taxes; 2) exemptions, along with calculation methods for the taxes listed; 3) progressive tax rates, from zero to 30 percent, for wages and salaries; 4) property tax rates of 3 to 7 percent for undeveloped properties, and 4 to 8 percent for developed properties; 5) the Feb. 10 deadline for 50 percent of the total single property tax due ...