Benin Tax Agency Posts FAQs on Taxation of Salaries

The Beninese General Directorate of Taxes Nov. 14 posted online FAQs on the taxation of salaries. Topics covered include: 1) the explanation on the tax on salaries and wages as a compulsory financial levy on all kinds of income from salaried employment; 2) the scope of taxation of salaries and salaries (ITS), including income from various sources; 3) exemptions on ITS, including severance pay, family and assistance allowances, salary increases or allowances, employers’ contribution, and all kinds of remuneration and bonuses; 4) the procedure of ITS tax base calculation, the definition of benefits of kind and their flat tax rates, ...