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Chad Business Report

General information
Source: The World Factbook - Central Intelligence Agency
15,833,116 (July 2018 est.)
$28.62 billion (2017 est.)

Oil provides about 60% of export revenues, while cotton, cattle, livestock, and gum arabic provide the bulk of Chad's non-oil export earnings. The services sector contributes less than one-third of GDP and has attracted foreign investment mostly through telecommunications and banking.

GDP growth rate
-3.1% (2017 est.)

Although high oil prices and strong local harvests supported the economy in the past, low oil prices now stress Chad’s fiscal position and have resulted in significant government cutbacks

GDP (PPP) per capita
$2,300 (2017 est.)

40% of Chad’s population lives below the poverty line.

Local currency
Cooperation Financiere en Afrique Centrale francs (XAF)

Pegged to the Euro.

Financial stability (Public debt)
52.5% of GDP (2017 est.)

Chad relies on foreign assistance and foreign capital for most of its public and private sector investment. Chad obtained a three-year extended credit facility from the IMF in 2014 and was granted debt relief under the Heavily Indebted Poor Countries Initiative in April 2015.

-0.9% (2017 est.)


French (official), Arabic (official), Sara (in south)

English is not spoken.

Corruption perception index (Source: Transparency International)

Extremely high level of corruption.

Duties and tax
Source: PwC World Tax Summaries 2017-2018
An operation performed in Chad that constitutes an economic activity and for which payment is made, unless included in the list of exemptions in the law governing VAT, is liable for VAT, even if the residence of the natural person or the registered office of the legal entity is located outside Chad.
Corporate Tax
Companies with turnover between XAF 50 million and XAF 500 million are subject to the simplified tax regime and those with a turnover exceeding XAF 500 million are subject to the normal tax regime. Taxpayers who realise an annual turnover not exceeding XAF 50 million are subject to the flat tax rate regime. All companies subject to the normal tax regime or the simplified tax regime shall file and pay taxes monthly.
5% to 30%
The tax basis of customs duties corresponds with the customs valuation, namely the selling price of the goods plus cost of delivery to Chad. Rates can be summarised as follows: Goods of first need (basic necessities): 5%. Raw materials and goods of equipment: 10%. Intermediate and miscellaneous goods: 20%. Consumer goods: 30%.

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