The Beninese Director General of Taxes Dec. 22 posted online Law No. 2025-22, the 2026 Finance Law. The law includes measures: 1) extending until Dec. 31, 2026, waivers of penalties, fines, late payment interest, and enforcement costs for taxpayers who pay outstanding property taxes in full or voluntarily declare and pay overdue business income taxes for previous years; 2) setting the statistical tax rate at 1 percent of the customs value for re-exports of petroleum products and raw materials imports; 3) extending until Dec. 31, 2026, the VAT exemption for qualifying new electric or hybrid vehicles, aircraft, and aerostats, including ...
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