Chad

Key Points

• Individuals resident in Chad are taxed on worldwide income.
• Non-resident individuals are taxed on income derived from activities in Chad.
• Taxable income includes work incomes (e.g., salaries, wages) and capital incomes (e.g., rental income).
• Work incomes are taxed progressively, with rates ranging from 0% to 30%.
• Capital incomes are taxed proportionally, with rates ranging from 5% to 25%.
• Withholding taxes may apply to certain categories of income.

Detailed Summary

• Work Incomes: Subject to progressive tax rates based on income brackets, ranging from 0% to 30% after allowable deductions.
• Capital Incomes: Taxed at proportional rates. Capital gains: 20%. Receivables, deposits, and surety incomes: 5/25%. Rental incomes (for residents): 15%. Rental incomes (for non-residents): 20%. Dividends and share incomes: 5/10/20%.
• Taxation Method: Progressive or proportional rates based on taxpayer's revenue.
• Annual Income Calculation: Total income is calculated annually, but some incomes may incur withholding taxes during the year.

Conclusions

• Chad's tax system includes both progressive and proportional rates for different income categories.
• Proper understanding of tax rates and deductions is essential for accurate tax compliance in Chad.
• Businesses and individuals should seek professional guidance to ensure compliance with Chad's tax laws.