Chad – Finance Law 2023

Chad – Finance Law 2023

Chad's President has promulgated the Finance Law for the 2023 financial year, Law No. 016/PT/2023 of 30 December 2022. Some of the main tax measures affecting payroll include:

Article 35 of the Finance Law amends article 1 of the CGI - change in the Personal Income Tax (IRPP) tables effective 1 January 2023

Old table:

Lower bracket	Higher bracket	Threshold	Tax on Threshold	Marginal Rate
0	800 000	0	0	0%
800 000	2 500 000	800 000	0	10%
2 500 000	7 500 000	2 500 000	170 000	20%

7 500 000 and more		7 500 000	1 170 000	30%

New table:

Lower bracket	Higher bracket	Threshold	Tax on Threshold	Marginal Rate
0	800 000	0	0	0%
800 000	6 000 000	800 000	0	10.5%
6 000 000	7 500 000	6 000 000	546 000	15%
7 500 000	9 000 000	7 500 000	771 000	20%
9 000 000	12 000 000	9 000 000	1 071 000	25%
12 000 000 and more		12 000 000	1 821 000	30%

Article 7 and 8 of the Finance Law amends article 849 and 855 of the General Tax Code effective 1 January 2023. References made to manual forms/slips have been removed and now refers to forms/slips generated by the Tax Management System (e-Tax).

The above changes are effective 1 January 2023. The system will be updated soon!