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Benin Unveils 2026 Budget: Tax Cuts, VAT Exemptions, and Incentives for Businesses and Exports

  • Reduction of statistical tax rate on re-exports of petroleum products and raw material imports from 5% to 1%.
  • VAT exemptions for SMEs importing new equipment, soybean exports, new vehicles, and certain construction materials.
  • Extension of input VAT deduction for fuel used in company vehicles and machinery.
  • Waiver of late payment penalties for lump sum property tax payments and voluntary tax regularizations.
  • VAT exemption on imports of aircraft, aerostats, and related spare parts.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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