SenegalSenegalBranches and companies are liable for CIT at 30%. Minimum CIT applies to loss-making entities or entities whose taxable income would produce CIT below XOF 5 million: 0.5% of annual turnover, capped at XOF 5 million.
Corporate Tax
30%
Income Tax
0% - 43%
VAT Rate
18%
Capital Gains Tax
43%
Effective Rate
30%
Income Tax Brackets
- 0 - 630,0000%
- 630,000 - 1,500,00020%
- 1,500,000 - 4,000,00030%
- 4,000,000 - 8,000,00035%
- 8,000,000 - 13,500,00037%
- 13,500,000 - 50,000,00040%
- 50,000,000 - ∞43%
Capital Gains
43%
Individual capital gains are subject to the normal progressive PIT rate; 43% is the maximum marginal individual rate, not a universal effective rate.