Senegal

Overview

Last reviewed - 29 January 2020

Senegal, located in Western Africa, is bordered by Mauritania to the north, Mali to the east, Guinea and Guinea-Bissau to the south, and the Atlantic Ocean to the west. Senegal is divided into 14 regions, each administered by a regional council, with Dakar as its capital. The official language of Senegal is French, and the currency is the Communauté financière d'Afrique (Financial Community of Africa or CFA) franc (XOF).

Senegal has a long history of participating in international peacekeeping and regional mediation. As a member of the West African Economic and Monetary Union (WAEMU), Senegal is working towards greater regional integration with a unified external tariff and a more stable monetary policy. Senegal is also a member of the Organisation for the Harmonization of Business Law in Africa (OHADA).

The main industries of Senegal include food processing, mining, cement, artificial fertiliser, chemicals, textiles, refining imported petroleum, and tourism.

PwC has an extensive network of offices in most countries on the African continent. PwC Senegal offers a range of tax, audit, and consulting services. Our professionals support clients with local knowledge and skills and with access to a broad range of other professionals across the PwC global network of firms.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%) 30
Corporate income tax (CIT) due dates
CIT return due date 30 April
CIT final payment due date 15 June
CIT estimated payment due dates Two instalments (each equal to one-third of the previous year’s tax) by 15 February and 30 April.
Personal income tax (PIT) rates
Headline PIT rate (%) 40
Personal income tax (PIT) due dates
PIT return due date NP
PIT final payment due date NP
PIT estimated payment due dates NP
Value-added tax (VAT) rates
Standard VAT rate (%) 18
Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy) Resident: 10 / 8 to 16 / 20;
Non-resident: 10 / 8 to 16 / 20
Capital gains tax (CGT) rates
Corporate capital gains tax rate (%) Capital gains are subject to the normal CIT rate.
Individual capital gains tax rate (%) NP
Net wealth/worth tax rates
Headline net wealth/worth tax rate (%) NA
Inheritance and gift tax rates
Inheritance tax rate (%) NP
Gift tax rate (%) NP

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.