Congo raises VAT registration threshold
- Mar 11, 2019 | Richard Asquith
The Republic of Congo has increased its annual VAT registration threshold. It is now FCFA 60million per annum, effective from 1 February 2019. The threshold also applies to foreign businesses providing a taxable supply. They are required to appoint a local Fiscal Representative.
In addition, Congolese customers of non-resident suppliers may not deduct input VAT on the use of the reverse charge.