Directive harmonising the taxation of income and profits in CEMAC member states

Adopted by the UEAC Council of Ministers at its meeting of 11 October 2024 and signed in Bangui on 9 January 2025, this directive harmonises corporate income tax and personal income tax across CEMAC member states, including Gabon. It repeals the 2001 directive on corporate tax and the 2004 directive on personal income tax. It covers the scope of the tax, how taxable profit is determined, deductible expenses and their limits (interest between related companies, royalties, provisions, depreciation), the option of accelerated depreciation as an investment incentive and filing obligations, including on transfer pricing. Its stated aims are more consistent tax systems, secure revenue and less tax competition between states. Member states must transpose it by 31 December 2025.