Gabon Gazettes Law Implementing 2023 Budget Measures

The Gabonese Official Gazette Feb. 2 published Law No. 025/2022, implementing various tax provisions under the 2023 budget. The law includes measures: 1) allowing a 50 percent reduction in capital gains realized from sales of shares acquired on a preferential basis; 2) setting the turnover threshold of 60 million Central African CFA francs (US$98,484) for taxpayers subject to the real tax regime; 3) amending the lists of supplies exempt from VAT, and those subject to the 5 percent and 10 percent reduced rates; 4) amending excise tax rates on specific products, including alcoholic and sugary beverages, tobacco products, and cosmetics; ...