Chad

Key Points

• Residents are taxed on worldwide income, while non-residents are taxed on income from activities in Chad.
• Taxable income includes work and capital incomes.
• Work incomes are taxed at progressive rates, while capital incomes are taxed at proportional rates.
• Withholding taxes may apply to certain categories of income during the year.

Detailed Summary

• Work incomes include salaries, wages, and other forms of employment income, as well as business and agricultural income. These incomes are taxed at progressive rates ranging from 0% to 30%, depending on the amount of income earned.
• Capital incomes include capital gains, dividends, and rental income. Capital gains are taxed at 20%, while dividends and rental income are taxed at 5%, 10%, or 20%, depending on the taxpayer's status and the source of the income.
• Taxation is calculated using either a progressive or proportional rate, based on the taxpayer's total income. There is an annual calculation for the total income of the taxpayer.
• Certain categories of income, such as rental income and dividends, may be subject to withholding taxes during the year.

Conclusions

• Chad's income tax system is relatively straightforward, with clear rates and thresholds for different types of income.
• It is important for taxpayers to be aware of the withholding tax rules and to make estimated tax payments if necessary to avoid penalties.