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Benin MOF Issues Circular Clarifying Taxation of Exceptional Income Paid to Employees

Sept. 30, 2022, 5:00 AM

The Beninese Ministry of Economy and Finance Sept. 27 issued Circular No. 1403, clarifying the taxation of exceptional income paid to employees under Article 126 of the General Tax Code. The circular explains: 1) what is considered exceptional income under the code, such as severance bonuses and 13th salary; 2) rules for calculating tax on exceptional income; and 3) calculation examples. [Benin, Ministry of Economy and Finance, 09/27/22]

Reference: View Circular No. 1403 of 09/19/22. View Announcement.