40 measures for the rehabilitation of disaster areas

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40.- Measures for the rehabilitation of disaster areas (Article 121).- The Finance Law for the financial year 2017 provides for exemptions from taxes, duties and taxes for companies which make new investments in areas Economic disaster ', subject to compliance with certain substantive and procedural requirements. According to Decree No. 000509 / MINFI of July 4, 2016 on the delimitation of economically disaster areas, the economically disaster area is an area where economic activity is structurally and permanently affected by claims of any kind, such as Insecurity, flooding, famine, drought, etc. 41.- Exemption from VAT on certain goods and services (Articles 128 (21), (22), (23) and (24)).- The Finance Law for the financial year 2017 exempts Specialized public transport for disabled persons, mass urban public transport by bus, universal postal services and interest payments for loans issued by the State and decentralized local and regional authorities. The purpose of this exemption is to reduce the cost of acquiring these goods and services. 42.- Reframing of certain provisions relating to the Annual Forest Royalty (Article 243).- The Budget Law for the financial year 2017 introduces some adjustments to the scope, the payment methods and the allocation of the Annual Forest Royalty (AFR). As far as the scope is concerned, it is now extended to all valid cutting sales, whether they are allocated on a State forest or on project sites. Before this law, sales of cuts granted on the sites intended to receive projects (water dam, roads, mining sites etc.) did not give rise to payment from the Annual Forest Royalty. Concerning the terms of payment,
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they differed according to whether it was a cut sale or a concession. In the case of cutting sales, the FRG was paid in full within 45 days of the deposit or renewal of the security. Concession payments are made in three installments on 15 March, 15 June and 15 September respectively. This latter mode will now be the only one for the payment of the FRG. As for the allocation of the product of the FRG, the communes had no constraint to actually allocate a quota for specific development measures to the benefit of the riparian populations. The Finance Act for the financial year 2017 now enshrines this requirement, stipulating that a quarter (6.75%) of the local authority's share is exclusively allocated to development projects carried out by local populations. 43.- Reorganization of certain provisions relating to registration and stamp duties (Articles 543, 546a, 594, 595, 597 and 601)).- The Finance Law for the financial year 2017 reduced the rates of duty Record on orders placed by publicly traded companies and semi-public companies. These rates go from 5% to 2% for orders of less than or equal to 5 million FCFA and 2% to 1% for orders of more than 5 million FCFA. With regard to purchase orders (less than five million CFA francs) issued by publicly- owned and mixed-economy companies, it should be remembered, as specified in our contribution of 2015 entitled Tax novelties in 2015, That they have generally been exempt from the registration duty.
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  • Fall '19
  • tax administration

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