Senegal taxes residents on worldwide income and non-residents on Senegal-source income only. Senegal has no specific CFC rules, though general anti-tax-evasion measures exist. Senegal operates a self-assessment system, with the Direction Generale des Impots et des Domaines (DGID) conducting post-filing review. Senegal's own IR (income tax) reforms in 2026 are partly driven by ECOWAS regional fiscal-convergence commitments.
The Senegalese tax year is the calendar year.
Senegal's headline corporate income tax (CIT) rate is 30%.
The headline personal income tax (PIT) rate is progressive, maximum 43%.
The standard VAT/GST (or equivalent consumption tax) rate is 18%.
An individual is a Senegalese tax resident if their center of economic interests is in Senegal (a DTT may organize residency/domicile differently where applicable). Residents are taxed on worldwide income; salary income is taxable in Senegal regardless of residence status provided the work is performed there or the employer is established there.
A non-Senegalese entity has a Senegal permanent establishment through a fixed place of business or a dependent agent habitually concluding contracts in Senegal on the entity's behalf, following the OECD Model Treaty definition as applied under Senegalese domestic law and any applicable tax treaty.
Senegal has no specific CFC rules, though general anti-tax-evasion measures exist.
Senegal has no fixed debt-to-equity thin capitalization ratio, but restricts shareholder-loan interest deductibility: the loan cannot exceed the company's (fully paid-up) share capital, and the applicable interest rate is capped at the BCEAO (West African States Central Bank) lending rate plus 2-3 percentage points (sources vary on the exact margin) at the time interest falls due.
Senegal does not use an elective check-the-box classification system; entity classification generally follows the entity's actual legal characteristics under the French-derived legal tradition shared across the region. Senegal does not have a comprehensive ATAD2-style anti-hybrid regime.
No foreign bank account or foreign financial asset reporting regime exists requiring residents to separately disclose foreign accounts; foreign income is reported through the standard annual tax return.
Senegal does not provide a broad participation exemption for foreign dividends; relief from double taxation is available primarily through Senegal's foreign tax credit system.
Senegal has a foreign tax credit mechanism for foreign tax paid on foreign-source income also taxed in Senegal, capped at the Senegalese tax otherwise due on that income.
Per PwC's Senegal withholding tax table, Senegal has concluded 16 bilateral double tax treaties: Belgium, Canada, China (Taiwan), France, Italy, Lebanon, Luxembourg, Mauritania, Morocco, Norway, Portugal, Qatar, Spain, Tunisia, Turkiye, and the United Kingdom, plus a separate multilateral treaty rate applying across the West African Economic and Monetary Union (WAEMU/UEMOA: Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, and Togo).