Page 16 - Profmark Africa Overview 2024

Congo (Dem. Rep.) (GMT +1)

General:
▪ Capital City: Kinshasa
▪ Official Language: French
▪ Currency: Congolese Franc (CDF)
▪ Main Exports: Crude oil, cathodes, cobalt, copper, coffee, diamonds, gold
▪ Surface Area: 2 344.9 sq. km (thousands)
▪ Population: 110,35 million (2024,est)
Key Economic Indicators:
▪ GDP: $66.38 billion (2023) / GDP Growth Rate: 8.6% (2023)
▪ CPI Inflation Rate (annual): 2.9% (2023)
▪ Sovereign Credit Rating: Standard and Poor’s: B-
▪ Indicator of Economic Freedom Score: 47.6/100
Exchange Controls:
▪ Exist but liberal
Basis of Taxation: (Tax Year End: 31 December)
▪ Source based tax system for residents and non-residents

Tax Rates:
▪ Individuals: Progressive rates to 40% [CDF 0 to 1,944,000 of taxable income -
taxed at 3%]
▪ Companies: 30% (including mining companies)
▪ Inheritance and Donations Taxes: N/A
▪ VAT: 16%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: Belgium and South Africa
Useful links:
▪ Directorate of General Taxation http://dgi.gouv.cd
▪ ANAPI http://www.investindrc.cd
▪ Central Bank of Congo https://www.bcc.cd

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