- The 2026 Finance Law of Benin extends various tax waivers and VAT exemptions until December 31, 2026.
- Waivers include penalties and interest for taxpayers who settle outstanding property or business income taxes.
- VAT exemptions are extended for new electric/hybrid vehicles, aircraft, gas containers, and SME equipment imports.
- The statistical tax rate is set at 1% for re-exports of petroleum products and raw material imports.
- The law reduces the receipt issuance threshold and limits fuel cost deductions for construction companies.
- The law takes effect January 1, 2026.
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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