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Senegal
Overview
Last reviewed - 19 July 2024Senegal, 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 (%) |
PIT rate is progressive, and the maximum is 43%. |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
Before 1 May |
| PIT final payment due date |
15 June |
| PIT estimated payment due dates |
Two instalments (each equal to one-third of the previous year’s tax) by 15 February and 30 April. |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
18 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 10 / 8 to 16 / 20; Non-resident: 10 / 8 to 16 / 20 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate. |
| Headline individual capital gains tax rate (%) |
Capital gains are subject to the normal PIT rate. |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NA |
| Headline gift tax rate (%) |
NA |
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