A new tax code was passed in May 2009 and modified in July 2009, February 2010 and January 2011 in order to reflect the new political climate of Gabon. The new code is a modernised tax framework that will likely be complemented by tax and Customs incentives offered to foreign and local investors. Additional tax reforms have also been planned. Along...
The business climate has improved with the 2012 law, which complements the attractive framework for investment. The government has maintained its objective of attracting investment and encouraging industry.
Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.
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