Social security contributions
Social security contributions are borne exclusively by the employer.
The rate for the industrial accident/occupational disease branch has to be confirmed by the authority when registering the entity with the Social Security Office (applicable rate to be stated within the related certificate).
|Sector||Rate of contributions (only payable by employers) (%)||Maximum monthly basis of calculation (XOF)|
|Industrial accident / Occupational disease||1/3/5||63,000|
Retirement contributions are payable both by the employer and the employees:
|Regime||Rates of contributions (%)||Maximum monthly basis of calculation (XOF)|
|Payable by employers||Payable by employees (withheld on the salary)|
Employment medical coverage
The employer shall subscribe for all employees a medical coverage. The level of coverage depends on the type of agreement concluded with the dedicated organism. Usually, the employee is reimbursed for 80% of medical expenses, even though the law provides a range between 50% and 80%.
The monthly rate is 6% to be levied on a contribution rate between XOF 60,000 and XOF 250,000, for both the employee and the employer.
Value-added tax (VAT)
Subject to certain exclusions, most commercial operations are subject to an 18% VAT.
VAT on tourism activities is 10%.
A 17% special tax on financial activities (mainly banking, money transfers, and change operations) is applicable instead of VAT.
VAT returns must be filed monthly.
Net wealth/worth taxes
There are no net wealth/worth taxes in Senegal.