X hits on this document

655 views

0 shares

0 downloads

0 comments

53 / 188

Gabon

Introduction

VAT was introduced in Gabon by the Financial Law for the fiscal year 1995 (Law No 1/95 dated 24 February 1995). The new Gabonese Tax Code in force since May 2009 (Law No 27/2008 dated 22 January 2009) amends various provisions of the previous law.

The VAT authority in Gabon is the Tax Authorities (‘Direction Générale des Impôts’).

Rates and scope

Rates

There are three VAT rates applying in the Gabonese Republic:

  • standard rate of 18%, applying to all transactions unless otherwise provided for;

  • reduced rate of 10%, applying to production, manufacturing and selling of the following products:

    • mineral water produced in

Gabon;

  • imported meat and chicken;

  • imported salad oil;

  • sugar;

  • imported peanuts;

  • washing powder;

  • steel for reinforcing concrete;

  • fishing equipment;

  • outboard motors;

  • replacement parts of cars;

  • car axles;

  • building tiles and cement;

  • nails;

  • raincoats;

  • tomato purée;

  • canned fruits and vegetables;

  • zero rate of 0%, applying to exports and international transport. The 0% rate applies only to exports for which declarations have been issued by the Customs Authorities.

Scope

VAT is a broadly based tax on consumer expenditure. VAT is largely removed from business costs, and thereby confined to consumer expenditure, by providing taxable persons with a credit mechanism, the deduction.

All transactions relating to an economic activity that constitutes an import, a delivery of goods or a provision of services carried out in the Gabonese Territory, by a person subject to tax (a chargeable person), excluding the transactions expressly exempted from VAT under the Gabonese Tax Code, are taxable operations.

VAT registration

Compulsory registration

The registration is compulsory insofar as operations are carried out in Gabon. Provision is made for two categories of potential taxable persons:

  • any person carrying on economic activities in Gabon and having an annual revenue of at least XAF80 million is liable for VAT;

  • the registration is optional for the following persons:

    • taxpayers who were liable for VAT under the provisions of the former Tax Code (that is services suppliers who had an annual revenue equal to or higher than XAF60 million and XAF40 million for specific services suppliers listed in the former Tax Code, such as retailers of spare parts and accessories for cars, driving schools, legal and accounting professions: solicitors, bailiffs,

public notaries);

    • taxpayers subject to the simplified taxation regime (‘regime d’imposition simplifié’) that have chosen to declare their real profit (determined by deducting from their turnover their effective operating costs).

  • Forestry exploiters having a turnover of at least XAF500 million are liable for VAT.

Nonresidents

Companies that are not established in Gabon are not entitled to deduct VAT.

Foreign companies having no permanent establishment in Gabon and which permanently or occasionally realise operations falling within the VAT scope are liable for VAT, regardless of the value of their operations.

As a consequence, for foreign VAT chargeable persons, the VAT must be paid by the client on behalf of the person who does not have a permanent establishment in Gabon.

Application for registration

Until the VAT Administration has granted a VAT number (NIF) to the company, it is not allowed to deduct VAT.

In order to be granted an NIF, the taxpayer must request it at the tax administration of its jurisdiction. This request is made at the beginning of the activity, if the taxpayer considers that the activity will reach the liability threshold mentioned above or within a month following the date he satisfies the liability conditions, if these conditions are met when the activities have already been carried out.

PricewaterhouseCoopers 53

Document info
Document views655
Page views655
Page last viewedSat Dec 03 05:20:36 UTC 2016
Pages188
Paragraphs7926
Words87854

Comments