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Niger: Finance Law Effective New Year’s Day

(Dec. 31, 2009) On November 10, 2009, the Minister of Finance of Niger announced a Finance Law 2010 bill. If approved, the new Law will come into force on January 1, 2010.

The new Law establishes a corporate income tax of 30%, down from a previous 35%. It specifies that the top marginal rate for the employment income tax will be reduced to 35% from 45%, applicable to taxable income over FCFA1 million (about US$2,158). In addition, the new Law abolishes the existing ceiling on VAT refunds for export-oriented businesses. (Ridha Hamzaoui, Niger: Finance Law 2010, IBFD TAX NEWS SERVICE, Dec. 30, 2009, via email from