The Congolese Ministry of Finance, Budget, and Public Portfolio Dec. 27, 2022, posted online Law No. 77-2022, the 2023 Finance Law. The law includes measures: 1) exempting from corporation tax profits earned by farming and fishing entities, and new companies for the first financial year; 2) modifying deductions for captive insurance companies; 3) adding restrictions on the deduction of specific business expenses; 4) setting a 10,000 Central African CFA franc (US$16) license contribution rate for taxpayers with flat-rate turnover below 1 million francs (US$1,635); 5) requiring country-by-country (CbC) reports and transfer pricing statements with declarations related to multinational enterprise (MNE) …