According to recent reports, the parliament of the Republic of the Congo approved an amending financial law for 2020 on 23 May 2020, which formalizes certain relief measures announced in April 2020 in response to COVID-19 ({News-2020-04-16/A/5-previous coverage}). This includes the reduction of the corporate tax rate for 2020 from 30% to 28% and the reduction of the flat tax rates under the sim…