Republic of the Congo MOF Posts Draft 2025 Finance Bill

The Congolese Ministry of Finance, Budget, and Public Portfolio Oct. 11 posted online the draft 2025 finance bill. The draft bill includes measures to: 1) set National Social Security Fund (CNSS) contribution rates at 20.28 percent for employers and 4 percent for employees; 2) set universal health insurance fund contribution rates at 4.55 percent for employers and 2.27 percent for employees; 3) establish mandatory annual reporting for income tax and electronic financial statements; 4) disallow deductions for expenses not justified by an invoice under the Certified Electronic Invoicing System (CEBS); 5) allow an additional tax, up to 25 percent, on ...