Page 14 - Profmark Africa Overview 2024

Chad (GMT +1)

General:
▪ Capital City: N’Djamena
▪ Official Language: French and Arabic
▪ Currency: Central African CFA Franc (XAF)
▪ Main Exports: Oil, gold, uranium, cattle
▪ Surface Area: 1 284.0 sq. km (thousands)
▪ Population: 20,29 million (2024,est)
Key Economic Indicators:
▪ GDP: $13.14 billion (2023) / GDP Growth Rate: 4,1% (2023)
▪ CPI Inflation Rate (annual): 10.8% (2023)
▪ Sovereign Credit Rating: Currently no rating
▪ Indicator of Economic Freedom Score: 51.4/100
Exchange Controls:
▪ Exist, administered by the Central Bank
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Chad-source income
Tax Rates:
▪ Individuals: Progressive rates to 30% [the first XAF 800,000 of taxable income - 0%]
▪ Companies: 35%
▪ Inheritance and Donations Taxes: Taxable in the form of registration duty
▪ VAT: 18%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Capital Gains are taxable in Chad
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Official Government Portal http://www.gouvernementdutchad.org
▪ Bank of Central African States https://www.beac.int
▪ Directorate of General Taxation http://www.finances.gouv.td

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