Decision No. 01/2022/CM/UEMOA, dated 24 June, provides clarifications with regard to income and wage taxes. Thanks to this decision, the aggregate tax revenue used to calculate the convergence criteria now applies to all UEMOA member countries.

According to an excerpt from the decision, income taxes include personal income taxes, business income taxes, capital gains taxes individuals or corporations and taxes on winnings from lotteries or games of chance.

When it comes to payroll and labour taxes, they take into account taxes paid by employers or self-employed workers according to payroll or according to a lump sum per person, and who are not allocated to a social security scheme.

Wealth taxes relate to taxes on the use, ownership, or transfer of wealth. Finally, taxes on foreign trade and international transactions. This tax provision is required when goods cross the national or customs borders of the economic territory or when service transactions are exchanged between residents and non-residents.