Treasury
Foreign Exchange Control Policy
There is no foreign exchange control in Haiti. There is no capital repatriation control either.
In Haiti there is both a formal and informal exchange market. In the formal market, operations are conducted through commercial banks and authorized foreign exchange dealers. Banks effecting transactions in the formal market must prepare daily reports for the Central Bank. A "Central Bank Reference Rate", calculated based on the previous day’s weighted average of the participants’ rate, is published daily by the Central Bank. Banks use this rate to calculate commissions on their transactions. The informal market remains very active and deals essentially in cash.
| Withholding Taxes |
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Income Tax
A graduated income tax rate of up to 35% is applied to net income before taxes. Companies are required to make prepayments toward their income taxes based on their prior year’s revenues. This is calculated at 1% of last year’s gross revenues. Interest income on bank deposits is not taxable.
A withholding tax rate of 30% is applied to foreign corporations on their profits after income taxes. This tax is payable whether these profits are repatriated or not.
There is no withholding tax on interest.
There is a 10% tax (TCA) paid by clients on all bank commissions.
Checking accounts are subject to a stamp tax of G0.20 per check and to a clearing charge of G0.50 per local currency check paid through the clearinghouse. A stamp tax of 2/1000 paid by the debtor is also levied on the principal amount of all loans.
| Contacts for further information: |
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Alix Auguste
Treasurer
299-3232
Deborah Stark
Trader
299-3241
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Foreign Exchange Spot |
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Foreign Exchange Forward |
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Time Deposit |
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