We are at this pivotal moment at the end of April, a key date for many businesses who must meet their tax obligations. Indeed, April 30, 2024 marks the end of the filing of tax returns for the 2024 financial year and associated payments. Large and medium-sized companies must pay the balance of the Income Tax (IBP), while foreign companies must pay the property tax due to them.
Another category of companies constrained by this deadline is that of mining companies, which must pay the special tax on excess profits. In addition, small businesses must pay the second portion of 40% of the IBP, while micro-enterprises must pay the flat-rate tax that is their responsibility.
This period does not only concern businesses, but also the Directorate General of Taxes (DGI), responsible for collecting these taxes and ensuring that taxpayers respect their tax obligations. Jean Muteba, head of the communication and documentation division within the DGI, underlines the importance of this deadline and reminds taxpayers of the steps to follow to be compliant.
Tax declaration forms must be completed and can be obtained online or from the competent structures. Once declarations have been made, payments must be made to commercial banks or other financial institutions authorized to receive these amounts.
It is essential for taxpayers to attach the required annexes to their proof of payment, such as financial statements certified by accountants who are members of the national order of accountants. This is essential to ensure payment compliance and avoid any problems later.
In the event of non-compliance with deadlines or failure to pay, tax penalties are to be expected. It is therefore crucial for taxpayers to respect these deadlines and ensure that all required steps are correctly carried out.
In conclusion, the end of April period is a crucial time for many businesses in terms of tax declarations and tax payments. By respecting these deadlines and following the procedures established by the DGI, taxpayers can avoid future inconveniences and contribute to the proper functioning of the tax system.