Democratic Republic of Congo

• Expenses incurred in connection with operations that condition the existence or development of the company but whose amount cannot be related to specific productions of goods and services. These expenses appear on the assets side of the balance sheet under the name “ establishment fees “.
• Applied research and development expenses provided
  that they relate to clearly individualised projects.

Establishment fees and research and development expenses must be amortized on a straight-line basis over a period of 3 years.

• Regarding Corporate Income Tax, the list of nondeductible
  expenses are now extended to confiscations, penalties of any kind (including transactional fines) as well as 50% of professional communication expenses and 60% of professional representation expenses.

• Provisions for reconstitution of mining deposits
• Mandatory provisions for receivables are established by credit and microfinance institutions in accordance with banking regulations. These provisions must be confirmed by the auditor.
• Provisions are constituted, within the framework of regulated commitments, by insurance and reinsurance companies in accordance with insurance regulations.

These provisions must be confirmed by the auditor. Extension of the scope of dividend tax to income deemed distributed and other reinstatements into the taxable profit. The tax basis is equal to the sum of reinstatements less income tax.

• The tax authorities are now obliged to notify the taxpayer in the event of dismissal following an audit, using a notice of
  dismissal.
• The tax authorities now have 45 days to notify the taxpayer of its decision to abandon all or part of the notified adjustments when the taxpayer’s observations have been formulated within the deadline.
• Clarification relating to the rule prohibiting double checks tax audit only concerns accounting tax audits.
• From now on, the conclusion of public contracts, obtaining certain administrative documents and the benefit of certain services are subordinated to the presentation of a tax clearance delivered by the Tax Authorities.