Chad: Finance Law 2024

Chad: Finance Law 2024

Loi 031 du 29 December 2023 Portant loi de Finances pour l'exercice 2024, Article 21 to 23 amends the provisions of article 837 to 839 of the CGI as of 1 January 2024.
 
Fonds d'Intervention Rurale (FIR), which is known as the Rural Intervention Fund in English, funded by ONASA has been replaced with Le Prelevement pour la Securite Alimentaire (PSA) - known as Food Security Levy in English.
 
ONASA/FIR was funded by a contribution due from any natural person residing in Chad liable to civic tax or personal income tax.
The rate of the contribution was set at FCFA100 for people subject to the civic tax and FCFA 480 per annum (i.e., FCFA 40 per month) for people liable to I.R.P.P.
The contribution to ONASA is established, collected and settled in the same way as civic tax and personal income tax.
 
As of 1 January 2024, The Food Security Levy (PSA) is owed by:
  1. employees from the public sector,
  2. the formal private sector as well as
  3. Chadian employees residing abroad and contributing to the CNPS.
The rate of the Food Security Levy (PSA) is set at FCFA 400 per month and per employee referred to in article 837.
The Food Security Levy (PSA) is established, collected and settled in the same way as personal income tax.
 
The system will be updated soon!
 
    • Related Articles

    • 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 ...
    • Tunisia-Finance Law 2023

      On 23 December 2022, the Tunisian Minister of Finance issued the Decree-Law (Decree-Law No. 79-22) on the Finance Law for 2023 which was published on the official website of the Ministry of Finance and Economy. The most notably change affecting ...
    • Gabon: Finance Law 2023

      The Finance Law 2023 was adopted under Law No. 025/2022 of 30 January 2023 and published in the Official Gazette on 2 February 2023. Official Journal of the Gabonese Republic (journal-officiel.ga) The main provisions affecting payroll is applicable ...
    • DRC - Finance Law 2024

      The Finance Law N°23/056 of 10 December 2023 for 2024 tax year has been promulgated by the President Felix-Antoine Tshisekedi Tshilombo. This present law is effective as of 1 January 2024. Please note the following changes for payroll: Modification ...
    • Morocco-Finance Law 2023

      The Moroccan government has published the Finance Bill 2023 on 23 December 2022. The most notable changes concerning personal income tax are set out below. The changes have been approved by government and has been published in the official newspaper. ...