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Country Overview
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Capital City:
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Porto-Novo
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Chief of State:
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Thomas YAYI BONI
President since 2006
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Head of Government:
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Thomas YAYI BONI
President since 2006
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Area (sq km):
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112,622 (land & water)
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Population:
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n/a
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Revenue Overview
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Revenue Authority:
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Direction Générale des Impôts et des Domaines
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Administration Head:
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Mrs Mariama BABA-MOUSSA SOUMANOU
Directrice Générale des Impôts et des Domaines
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Institution Address:
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*
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01 BP 2354 Zone Administrative,
Route de l’Aéroport,
Cotonou, Benin
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'
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Phone:
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+229 21 30 50 51 (DG Direct)
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'
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Phone:
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+229 21 30 57 27
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7
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Fax:
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+229 21 30 58 75
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;
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e-Mail:
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b_msoumanou@yahoo.fr
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Country Correspondent:
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Mr Roger FALADE
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Contact Details:
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Phone:
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+229 21 30 23 12
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Phone:
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+229 21 30 16 29
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7
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Fax:
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+229 21 30 37 61
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;
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e-Mail:
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faladeroger@yahoo.fr
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Country Correspondent:
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Mr Innocent Donoumassou
Directeur: Gestion des Resources
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Contact Details:
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'
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Phone:
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229 21 30 19 87
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;
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e-Mail:
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n/a
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Tax Rate Overview
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Personal Income Tax:
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Tax Year:
Calendar Year
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Tax Rate:
10% - 35%
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An individual, either a resident of Benin or a foreign national, whose tax domicile is in Benin is subject to personal income tax in Benin (l'Impôt Progressif sur les Traitements et Salaires - IPTS) on their worldwide income. Foreign source income which already has been taxed outside Benin may be tax exempt if there is a tax treaty between the two countries. Individuals not domiciled in Benin are subject to income tax only on Benin source income.
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Corporate Tax:
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Tax Year:
Calendar Year - although a company may adopt a different taxable period.
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Tax Rate:
30% - 45%
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The standard corporate income tax rate of Benin is 30%. Tax is 25% of taxable income for natural persons and legal persons engaged in an industrial activity. The tax rate is between 35% - 45% for oil companies carrying out research, exploitation, production and sale of hydrocarbons.
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Consumption Tax:
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Nature of the Tax:
Value Added Tax (VAT) / Taxe sur la Valeur Ajoutée (T.V.A.)
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Tax Rate:
18%
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Filing & Payment:
Monthly VAT returns must be submitted, along with any payment due, by the 10th of the following month.
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Export of goods and services are zero-rated. Certain activities are VAT exempt. Those are: imports of certain products, banking and general insurance. While exempt from VAT, small enterprises must register with the tax authorities and are liable for a "single business tax" at a 6% rate on the rental value of their premises.
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Economic Overview
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GDP per capita (PPP) %:
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n/a
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Tax to GDP Ratio %:
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n/a
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Inflation Rate %:
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n/a
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Currency:
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Communauté Financière Africaine Franc
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