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DR Congo Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
85,281,024 (July 2018 est.)GDP (PPP)
$68.6 billion (2017 est.)Largest African exporter of copper; country rich in natural resources (minerals) which are its main source of export and funding
GDP growth rate
3.4% (2017 est.)Dependent on mineral prices therefore subject to fluctuations (6.9% in 2015, 2.4% in 2016)
GDP (PPP) per capita
$800 (2017 est.)Very low with widespread poverty
Local currency
Congolese francs (CDF)Having remained fairly stable for the previous 4 years, it lost 50% of its value in 2017
Financial stability (Public debt)
18.1% of GDP (2017 est.)Fairly low and under control
Inflation
41.5% (2017 est.)Extremely high, accelerating from 18.2% in 2016
Language
French (official), Lingala (a lingua franca trade language), Kingwana (a dialect of Kiswahili or Swahili)English is not spoken
Corruption perception index (Source: Transparency International)
161/180Extremely high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
0.16Some banking and financial services, education, medical services, charitable and social activities are exempt
Corporate Tax
0.3Minimum tax of 1% of turnover applies to loss-making companies as well as companies with CIT of less than 1% of turnover (SMEs exempted)
Duties
5% to 20%Customs duty on imports is calculated on the cost, insurance, and freight (CIF) value of the goods. Import VAT also applies except for wheat, corn and inputs for agriculture
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