Paying Taxes in Benin

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Benin, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Social security contributions12 12019.4%gross salaries21.9 
Corporate income tax5 3038.0%taxable profits16.7 
Payroll tax12 -8.0%gross salaries plus social security contributions10.8 
Property tax on developed land 0paid jointly with another tax-15-30%book value7.3 
Single property tax (developed land)0 -6.0%book value5.9 
Business license tax2 -fixed fee + proportional duty on professional premisesnature of company's activities4.2 
Property tax on undeveloped land3 -4-6%book value3 
Single property tax (undeveloped land)3 -5.0%book value2.5 
Tax on insurance contracts1 -20.0%insurance premium0.4 
Tax on interest1 -15.0%interest income0.4 
Fuel tax1 - included in fuel price0.2 
Tax on collection of dirt1 -min CFAF 500-max CFAF 8,000rental value of building  
Value added tax (VAT)12 12018.0%value added not included
Advertising tax1 -CFAF 150-10000 per daysquare meter of billposting small amount
Stamp duty1 -CFAF 350, or 600 or 1200paper size small amount
Totals:55 270  73.3 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.