Senegal

Corporate - Withholding taxes

Last reviewed - 29 January 2020

Senegal has various WHTs. The primary ones are as follows:

  • 20% WHT on remuneration paid for services (including royalties) rendered by a foreign individual or foreign company.
  • 5% WHT on remuneration paid for services rendered by a resident individual (liable for tax under lump sum taxation, among others) or resident company that are not subject to CIT.
  • 10% WHT on dividends distributed.
  • 13% WHT on bond interest.
  • 8% WHT on deposits or guaranteed interest on accounts with a bank.
  • 16% WHT on other revenues, notably interest on loans.

These WHTs may be limited by DTTs.

Double tax treaties (DTTs)

The DTTs concluded by Senegal are based on the OECD model in most cases. Senegal has concluded such treaties with the countries listed in the table below.

Treaty WHT rates are as follows:

Recipient WHT (%)
Dividends Interest Royalties
Non-treaty 10 8 to 16 20
Treaty:      
Belgium 10 15 10
Canada 10 16 15
France 10 15 15
Italy 10 15 15
Lebanon 10 10 10
Mauritania 10 16 N/A
Morocco 10 10 10
Norway 10 16 16
Portugal 5/10 (1) 10 10
Qatar N/A N/A N/A
Spain 10 10 10
Tunisia 10 16 N/A
United Kingdom 5/8/10/15 (2) 10 10
WAEMU * 10 15 15

* West African Economic and Monetary Union (member states are Benin, Burkina-Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, and Togo).

Notes

  1. The 5% rate is applicable if the beneficial owner is a company that directly holds at least 25% of the capital of the company paying the dividends. The 10% rate applies in all other cases.
  2. The below rates are applicable in the following cases:
    • 5% if the beneficial owner is a company that directly holds at least 25% of the capital of the company paying the dividends.
    • 8% if the beneficial owner is a pension scheme established in the United Kingdom.
    • 10% in all other cases.
    • 15% if dividends deriving directly or indirectly from immovable property are paid by an investment vehicle resident in Senegal, whose income from such immoveable property is exempt from tax, and which distributes most of that income annually to a beneficial owner resident of the United Kingdom.