Corporate - Taxes on corporate income

Last reviewed - 10 July 2020

Branches and companies are liable for corporate income tax (CIT) at the rate of 30%.

Residents are taxed upon their worldwide income. Non-residents are generally taxed via the existence of a permanent establishment (PE) on Senegal-source income.

WHTs may also apply to non-residents, as per the services delivered to Senegalese taxpayers, subject to the application of a double tax treaty (DTT).

Minimum CIT

A minimum CIT is due, in case of lack of profits, at the rate of 0.5% applied on the annual turnover. The minimum amount cannot be less than 500,000 Communauté financière d'Afrique (Financial Community of Africa or CFA) francs (XOF), and the maximum amount cannot be more than XOF 5 million.

Local income taxes

See the Other taxes section for a description of local taxes based on turnover and property.