Capital Gains Taxation in Gabon
Gabon's tax regime for capital gains is outlined in the country's General Tax Code (Code Général des Impôts). Capital gains are defined as profits realized from the disposal of movable or immovable property, including:
- Real estate
- Stocks and bonds
- Business assets
The taxability of capital gains depends on the nature of the asset and the taxpayer's status. Individuals are subject to a flat 10% capital gains tax rate, while companies are taxed at the corporate income tax rate of 30%.
Calculation of Taxable Capital Gains
Taxable capital gains are calculated as the difference between the selling price of the asset and its acquisition cost. The acquisition cost includes the purchase price, any expenses incurred in acquiring the asset, and any improvements made to the asset during ownership.
Exemptions and Deductions
Certain capital gains are exempt from taxation in Gabon, including:
- Gains from the sale of a principal residence
- Gains from the sale of assets held for more than 10 years
- Gains from the sale of assets acquired through inheritance or donation
Legal Framework
The taxation of capital gains in Gabon is governed by the following articles of the General Tax Code:
- Article 14: Definition of capital gains
- Article 15: Tax rates for capital gains
- Article 16: Exemptions from capital gains tax
These provisions aim to ensure that capital gains are taxed fairly and equitably, while also providing incentives for investment and economic growth.
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