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Congo: Afriland ordered to return the millions of taxes

08/02/2022
Categories: Companies

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The Afriland bank was summoned by the Congolese authorities to return the millions of tax on imports and exports.

The Congolese authorities accuse the local subsidiary of the Cameroonian bank Afriland First Bank of not paying back to the Treasury all the funds collected under the RLT, which taxes import-export operations of containers of goods. Thus, the bank would have withheld funds from the collection of a tax known as the "terrestrial logistics fee". In total, this sum would be around 7.5 million dollars.

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