Directive harmonising member states' legislation on value added tax

This directive of the UEAC Council of Ministers, signed in Yaoundé on 10 November 2022, sets the common framework for value added tax (VAT) that member states, including Gabon, must transpose into national law by 31 December of the year following its adoption. It repeals earlier conflicting provisions, in particular the 2011 directive that revised the 1999 one. It defines taxable transactions, including services supplied through e-commerce platforms, taxable persons, the registration threshold that each state sets at no less than CFA 30 million of annual turnover, the tax base and the chargeable event. It provides for a standard rate of at least 15 %, a zero rate for exports and international transport, and an optional reduced rate of 5 % to 10 % for certain products. It also governs the right to deduct input VAT and the refund of VAT credits.