Benin: Business Environment
Companies' vehicles are also subject to taxation (between XOF 150,000 and 200,000, according to the size of the engine). From 2022 an Urban Development Charge (RAU) and a Corridor Security Charge (RSC) are introduced on imports, as follows: RAU is levied at the rate of 0.5% ad valorem on all imported goods subject to a consumer regime (except basic necessities such as sugar, milk, pharmaceutical products, and agricultural inputs); RSC is levied at the rate of 0.5% ad valorem rate on all imported goods subject to a transit procedure (except for hydrocarbons destined for neighbouring countries and uranium from Niger).
Benin | Sub-Saharan Africa | United States | Germany | |
Number of Payments of Taxes per Year | 54.0 | 36.6 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 270.0 | 284.8 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 48.9 | 47.3 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Individual income tax | Progressive annual rates range from 0% to 30% |
Less than XOF 60,000 | 0% |
Between XOF 60,001 and 150,000 | 10% |
Between XOF 150,001 and 250,000 per year | 15% |
Between XOF 250,001 and 500,000 per year | 19% |
More than XOF 500,000 per year | 30% |
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Latest Update: October 2024