In this page: Accounting Rules | Tax Rates | Intellectual Property | Legal Framework | Standards | Business Practices
Companies' vehicles are also subject to taxation (between XOF 150,000 and 200,000, according to the size of the engine). From 2022 an Urban Development Charge (RAU) and a Corridor Security Charge (RSC) are introduced on imports, as follows: RAU is levied at the rate of 0.5% ad valorem on all imported goods subject to a consumer regime (except basic necessities such as sugar, milk, pharmaceutical products, and agricultural inputs); RSC is levied at the rate of 0.5% ad valorem rate on all imported goods subject to a transit procedure (except for hydrocarbons destined for neighbouring countries and uranium from Niger).
Benin | Sub-Saharan Africa | United States | Germany | |
---|---|---|---|---|
Number of Payments of Taxes per Year | 54.0 | 36.6 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 270.0 | 284.8 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 48.9 | 47.3 | 36.6 | 48.8 |
Source: Doing Business - Latest available data.
Individual income tax | Progressive annual rates range from 0% to 30% |
Less than XOF 60,000 | 0% |
Between XOF 60,001 and 150,000 | 10% |
Between XOF 150,001 and 250,000 per year | 15% |
Between XOF 250,001 and 500,000 per year | 19% |
More than XOF 500,000 per year | 30% |
Banks: Monday to Friday 8am to 12.30pm and 3pm to 6.30pm; Saturday 9am to 1pm.
Shops and Businesses: Monday to Saturday 8am to noon and 3pm to 7pm.
New Year's Day | 1 Jan |
Vaudoun Day | 10 Jan |
Easter Monday | 22 Apr |
Labour Day | 1 May |
Ascension Day | 30 May |
Korité | 4 Jun |
Whit Monday | 10 Jun |
Independence Day | 1 Aug |
Tabaski | 11 Aug |
Assumption Day | 15 Aug |
All Saints' Day | 01 Nov |
Maouloud | 09 Nov |
Christmas Day | 25 Dec |
Closure for Easter | End of March/Early April |
Closure for Christmas | End of December |
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Latest Update: October 2024