To link to this article, copy this persistent link:
(Apr 09, 2010) On January 1, 2010, Benin adopted a new Finance Law; it went into effect on the same day. The new provisions change the withholding tax rates on payments to individual, non-resident service providers to 25% from the previous rate of 35%. The parallel reduction for corporate recipients is from 38% down to 30%. Both rates apply to 40% of the gross payment. (Albert Atangana, Benin: Finance Law for 2010 Enacted—Details, TAX NEWS SERVICE, Apr. 9, 2010 (subscription database from the International Bureau of Fiscal Documentation.)
In addition, the new Law establishes a GSM (Global System for Mobil Communications) communication fee of F.CFA 15 per minute (about US$0.02) for international calls and F.CFA 2 per minute (about US$0.004) for domestic ones. The fee does not apply to short message system-dialed phone numbers where the number dialed is less than eight digits or to roaming services and Internet calls. (Id.)
Under the 2010 Law, a single tax identification number is to be used for direct and indirect taxation and must be indicated on all invoices and any other documents related to taxable transactions. (Id.)
|Author:||Constance Johnson More by this author|
|Topic:||Taxation More on this topic|
|Jurisdiction:||Benin More about this jurisdiction|
Search Legal News
Find legal news by topic, country, keyword, date, or author.
Global Legal Monitor RSS
Get the Global Legal Monitor delivered to your inbox. Sign up for RSS service.
The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can find previous news by searching the GLM.
Last updated: 04/09/2010