In this page: Accounting Rules | Tax Rates | Intellectual Property | Legal Framework | Standards | Business Practices
Senegal | Sub-Saharan Africa | United States | Germany | |
---|---|---|---|---|
Number of Payments of Taxes per Year | 53.0 | 36.6 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 416.0 | 284.8 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 44.8 | 47.3 | 36.6 | 48.8 |
Source: Doing Business - Latest available data.
Individual income tax | Progressive rate from 0 to 40% |
CFA 0 - 630,000 | 0% |
CFA 630,001 - 1,500,000 | 20% |
CFA 1,500,001 - 4,000,000 | 30% |
CFA 4,000,001 - 8,000,000 | 35% |
CFA 8,000,001 - 13,500,000 | 37% |
Above CFA 13,500,000 | 40% |
Minimum personal income tax (MPIT) (for employees) | |
CFA 0 - 599,999 | CFA 900 |
CFA 600,000 - 999,999 | CFA 3,600 |
CFA 1,000,000 - 1,999,999 | CFA 4,800 |
CFA 2,000,000 - 6,999,999 | CFA 12,000 |
CFA 7,000,000 - 11,999,999 | CFA 18,000 |
CFA 12,000,000 and above | CFA 36,000 |
Type of property and law | Validity | International Agreements Signed |
---|---|---|
Patent Protection of patents |
20 years | |
Trademark Agreement revising the Bangui Agreement of 2nd March, 1977, on the creation of an African Intellectual Property Organization, 24th February 1999. |
10 years, renewable for consecutive periods of 10 years | |
Design Agreement Revising the Bangui Agreement of March 2, 1977, on the Creation of an African Intellectual Property Organization, February 24, 1999 |
5 years, renewable for two further consecutive 5-year periods | |
Copyright |
WIPO Copyright Treaty |
|
New Years Day | 1st January |
El am Hejir - Hegire - New Year | Variable |
Achoura - Muharrum | Variable |
Anniversary of the Prophet - Eid-Milad Nnabi | Variable |
Independence Day | 4th April |
Labor Day | 1st May |
End of Ramadan | Variable |
Eid-ul-Adha or Grand Baïram or Aïd or Tabaski or Id-Ul-Zuha (Bakrid) - Mutton Festival | Variable |
Christmas | 25th December |
New Years Day | 1st January |
El am Hejir - Hegire - New Year | Thursday 10th January 2008 (can vary by one day) |
Achoura - Muharrum | Saturday 19th January 2008 (can last 2 days) |
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Latest Update: May 2024