The higher of 27% of net profit, or 1% of turnover on audited accounts (2% on unaudited accounts).
The higher of scheduled progressive rates, or 1-3% of turnover depending on business size and audit status.
15% standard VAT.
An individual is resident if present in The Gambia for more than 183 days in a year, confirmed via TaxAtlas, with a specific rule under the Income and Value Added Tax Act for individuals who are resident in the current tax year but not the following one (treated as resident only through their last day of Gambia presence), confirmed via the primary Act text (WIPO Lex). Companies incorporated and/or controlled in The Gambia are resident companies, liable to corporation tax on all income; non-resident companies, partnerships, and bodies of trust are taxed only on Gambian-source income - confirmed directly via the Gambia Revenue Authority (GRA), the official tax administration.
No Controlled Foreign Company regime was identified in available sources this session. This is a genuine gap rather than a confirmed absence.
Confirmed via Orbitax: The Gambia has no formal thin capitalization rules based on a debt-to-equity ratio, but interest deduction is restricted to specified limits under domestic law. The specific numeric limit was not itemized in sources reviewed this session.
No domestic FBAR/Form 8938-equivalent requiring Gambia residents to self-report their own foreign accounts was identified. The Gambia is a member of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, confirmed via BRITACOM (of which The Gambia is also a Council member), indicating institutional participation in international tax transparency standards, though specific CRS/FATCA operational status was not independently confirmed this session. Separately and independently of local law, US citizens and Green Card holders with Gambia accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938, regardless of local requirements.
The Gambia has approximately 3 double taxation agreements per TaxAtlas, with named partners confirmed via BRITACOM as including Norway, Sweden, Turkey, and the United Kingdom (the source's "etc." suggests the list may extend beyond these four). The Gambia is a member of ECOWAS, providing tariff-free trade among member states, and participates in the West African Monetary Union's tariff-free framework for products and handicrafts.