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INTRODUCTION

The Central African Republic (CAR) is a landlocked country in Central Africa. It is bordered by Chad, Sudan, Democratic Republic of Congo, Republic of Congo and Cameroon. Bangui is the capital of Central African Republic. The country is rich in mineral deposits including in particular gold and diamonds. However, it has been marred in political instability and social and sectarian strife.

The currency is the Central African Franc (XAF).

Abbreviations:

BCEAO Central Bank of Western African States
CAR Central African Republic
CEMAC/UDEAC Central African Economic and Monetary Community
CIT Corporate Income Tax
GAP General Accounting Principles
GUFE One Stop Shop (Guichet Unique de formalité des Entreprises)
IFRS International Financial Reporting standards
NIF Tax Identification Number (numero d’identification fiscal)
OHADA Organization for the Harmonization of Business Law in Africa
PE Permanent Establishment
SA Public Limited Company
SARL Limited Liability Company
USD United States Dollar
VAT Value Added Tax
XAF Central African Franc