Page 19 - Nexia SAB&T Africa Overview 2025

Congo (Rep.) (GMT +1)

General:
▪ Capital City: Brazzaville
▪ Official Language: French
▪ Currency: Central African CFA Franc (XAF)
▪ Main Exports: Oil, diamonds, potash, timber
▪ Surface Area: 342.0 sq. km (thousands)
▪ Population: 6,4 million (2025,est)
Key Economic Indicators:
▪ GDP: $15,5 billion (2023) / GDP Growth Rate: 4.4% (2024)
▪ CPI Inflation Rate (annual): 3.3% (2025)
▪ Sovereign Credit Ratings: Moody’s: B3, S&P: CCC+,
Fitch: CCC (High to Very High Credit Risk)
▪ Indicator of Economic Freedom Score: 48.6/100 (2025):Represssed

Exchange Controls:
▪ Exist, Transfers within the CEMAC Zone are not restricted
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Congo-source income
Tax Rates:
▪ Individuals: Residents: Progressive rates to 40%
▪ Companies: 28%, with certain exceptions
▪ Inheritance and Donations Taxes: Taxable at varying rates from 0% to 18%
▪ VAT: 18%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Bank of Central African States https://www.beac.int

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