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 185 economies. The most recent round of data collection was completed in December 2011.

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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 3 120 25% taxable profit 14.8
Social security contributions 12 96 10% gross salaries 11.3
Retirement contributions 12 8% gross salaries 9.5
Business tax 1 various rates rental value of business premises 5.3
Payroll tax 12 3% gross salaries 3.4
Tax on built property 1 various rates rental value of building 0.8
Fuel tax 1 included in fuel price 0.6
Vehicle tax 1 XOF 50,000 fixed fee depending on type of vehicle 0.2
Tax on non-built property 1 5% rental value of land 0.1
Interest tax 0 15% interest income 0 included in other taxes
Stamp duty on contracts 1 XOF 2,000 fixed fee 0 small amount
Value added tax (VAT) 12 450 18% value added 0 not included
Tax on insurance contracts 1 0% insurance premium 0
Advertising tax 1 various rates 0 small amount
Totals: 59 666 46.0
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