Senegal Tax Rates
Senegal operates a progressive personal income tax system with rates up to 40%. The Direction Générale des Impôts et des Domaines administers a tax system featuring a 30% corporate tax rate, 18% VAT, and capital gains taxation. Senegal is a member of the West African Economic and Monetary Union (WAEMU) and uses the CFA franc.
Top Income Tax Rate
40%
Corporate Tax Rate
30%
VAT / Sales Tax
18%
Capital Gains Tax
15%
Detailed Tax Information
Income Tax Brackets
Senegal levies progressive personal income tax on residents' worldwide income. Rates range from 0% on the first CFA 630,000 to 40% on income above CFA 8 million. Employment income is taxed at source. Family quotient system reduces the tax burden for households with dependents. Non-residents are taxed on Senegalese-sourced income at 20%.
| Income Range | Tax Rate |
|---|---|
| CFA 0 – CFA 630K | 0% |
| CFA 630K – CFA 1.5M | 20% |
| CFA 1.5M – CFA 4.0M | 30% |
| CFA 4.0M – CFA 8.0M | 35% |
| CFA 8.0M+ | 40% |
Corporate Tax
The standard corporate tax rate is 30%. A minimum flat tax of 0.5% of turnover applies. Companies in special economic zones may benefit from reduced rates. Small businesses may qualify for simplified tax regimes.
Standard Rate
30%
Capital Gains Tax
Capital gains on professional assets are subject to a 15% tax. Property capital gains are taxed at progressive rates. Gains from the disposal of shares may be subject to income tax.
Rate
15%
VAT / Sales Tax
VAT is levied at 18% on most goods and services. Basic food items, healthcare, and education are exempt. Exports are zero-rated. Registration is mandatory for businesses with annual turnover above CFA 50 million.
Standard Rate
18%
Cryptocurrency Tax
Senegal does not have specific cryptocurrency legislation. As a WAEMU member, crypto regulation falls under the regional central bank (BCEAO), which has warned against cryptocurrency use. General tax principles would apply.
Tax Treaties
Senegal has approximately 18 double taxation agreements, with strong ties to Francophone countries.
Treaty Network
18
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Senegal
See how much you could save by moving here from your current country.
+$19K
Tax in United States
$24K
24.4% effective
Tax in Senegal
$6K
5.6% effective
You Save
77%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
