Removal of tax-generating acts in the DRC to improve the business climate
The Government of the Democratic Republic of Congo (DRC) recently took an important decision to promote the improvement of the business climate in the country. In fact, more than thirty tax-generating acts have been removed, deemed less relevant and therefore sources of obstacles for businesses.
This announcement was made by the Congolese Minister of Finance, Nicolas Kazadi, during the opening of the first edition of the DRC Agribusiness Forum. According to him, this measure is part of the public finance reforms undertaken by the government.
This elimination of tax-generating acts aims to improve the business climate by reducing the administrative and financial burdens weighing on businesses. By simplifying the tax environment, the government hopes to encourage investment and stimulate economic growth.
Alongside this measure, Minister Kazadi also underlined that the two Houses of Parliament are in the process of adopting a major tax reform, the largest in the country’s history since 1963. This reform should allow a modernization of the Congolese tax system. , thus promoting attractiveness for investors.
Another notable advance in the financial field in the DRC is the promulgation of an Ordinance-Law aimed at developing the leasing market. This Ordinance-Law, which modifies and supplements the existing law on leasing, aims to simplify procedures and clarify the legal and fiscal framework for this activity.
By encouraging the leasing market, the Congolese government wishes to facilitate access to financing for businesses, particularly in the agricultural sector. This measure aims to encourage investments essential to the modernization of the agricultural sector and to promote increased productivity.
These measures taken by the Congolese Government demonstrate its desire to create a favorable business environment and stimulate the country’s economy. By simplifying tax procedures, removing tax-generating acts deemed irrelevant and promoting business financing, the DRC positions itself as an attractive player for investors and encourages the development of the private sector.