Senegal - Taxation



The corporate income tax rate in Senegal in 2002 was 35%. The rate of the tax on industrial and commercial profits is 35% for incorporated enterprises. Banking operations are taxed at both the regular rate of 17% and at a reduced rate of 7%. Senegal has double-taxation treaties with about 18 countries.

Individual taxes include a salary tax on the employee (3% for a Senegalese worker, and 6% for a foreign worker) and a general income tax with rates ranging up to 50%.

Indirect taxes have long been the mainstay of Senegal's tax system, with import duties by far the most important. Other indirect taxes include the business license tax, export taxes, a real estate tax, and registration and stamp taxes. The value-added tax (VAT) has a standard rate of 20%. An equalization tax is applied to local purchases at 2% and to importations at 5%.

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Aug 28, 2011 @ 7:07 am
Haw the calclation of tax ?
Are is Parsant from the net profet or parsant from the cabital?

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