Senegal

Paying Taxes in

Senegal

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

Compare Senegal to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 3 114 30% taxable profit 16.2
Social security contributions 12 96 10% gross salaries 10.7
Retirement contributions 12 8.4% gross salaries 9.5
Business tax 1 various rates rental value of business premises 4.4
Payroll tax 12 3% gross salaries 3.4
Tax on built property 1 various rates rental value of building 0.8
tax on non-built property 1 5% rental value of land 0.1
Tax on insurance contracts 1 0.25% insurance premium 0.0
Advertising tax 1 various rates 0 small amount
Fuel tax 1 included in fuel price 0 small amount
Stamp duty on contracts 1 XOF 2,000 fixed fee 0 small amount
Interest tax 0 16% Interest income 0 included in other taxes
Value added tax (VAT) 12 410 18% value added 0 not included
Totals: 58.0 620.0 45.1

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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