This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
The mitigation and prevention measures taken so far by the Beninauthorities amount to CFAF 10 billion (about $17 million or 0.1 percent of GDP). They are also considering more ambitious measures provided that they can garner financing from donors. With the support of the WHO and the World Bank, the authorities are preparing a broader prevention and mitigation plan to buy the necessary equipment; intensify surveillance, notably at points of entries; build capacity for case confirmation and follow-up; and organize quarantine and self-isolation protocols. The authorities have started discussions with donors to mobilize financing for the plan, which is preliminarily estimated to cost at least US$ 100 million or CFAF 60 billion (equivalent to 0.7 percent of GDP).
These measures include CFAF40 billion to support struggling businesses through targeted and temporary tax exemptions and a relaxation of certain payment rules.