Impôts et taxes

What is corporate tax?

It is a direct tax levied on the profits realised by corporate bodies. It is levied on all such profits.

It is a tax assessed on a period of twelve (12) months, corresponding to the budgetary year.

However, companies that start their activities within six (06) months preceding the end of the fiscal year are allowed to adopt their first assessment on eighteen (18) months.

Read more: Corporate Tax in brief

Exemption should be understood as the total or partial discharge of tax liability that one would have normally assumed.

The latter indeed invariably affects the taxation of income, consumption expenditure, capital and even the right to exercise an industrial, commercial or non-commercial activity.

Read more: Tax exemptions of a social character in the general tax code