According to Benin’s chief tax officer, Nicolas Yenoussi, the state will halve the corporate dividend tax by 2019. This measure aims to stimulate investment in the country.
Thus, foreign investors will be taxed on their dividends only a tax of 5%, against 10% formerly in force. According to Mr. Yenoussi, this progressive tax exemption aims to “encourage foreign investors to intervene in our local businesses”.
Recall that the Minister of Economy and Finance had published at the end of January, a decision to remove the declaration of existence of newly created businesses at the tax center.
