Which Taxation for your company?Corporation tax  Cet tax is at the single rate of 35% of the benefit, payable in three times in the year following the enclosed exercise.The cgi admits the carryforward in three years of losses and unbounded for differed famous depreciation.There is a privileged treatment of the appreciations according to the moment of their realization:• the appreciation realized during the exploitation are entered for the calculation of the IS if they are reinvested in immobilization in the three years after their realization. • the appreciations carried out at the end of the exploitation are entered for the third of their value.Only half is retained if they are carried out in the five after the constitution of the credit. • the benefit reinvested in Senegal can be tiny room of the taxable amount to a total value of 50% of the investment without exceeding 50% of the profit for the year. The Contractual Minimum Tax (IMF) Very undertaken supposed to carry out a profit after one year of activity, it is applied a contractual tax (IMF).This one constitutes an advance on the IS coming in deduction.If the IMF is higher than the IS, it remains nevertheless acquired with the tax department.It comprises two levels.• CA<500 million F CFA:IMF=500.000F CFA • CA>500 million F CFA:IMF=1 million F CFA Contractual Contribution Employer (CFE) This contribution is calculated on the wage bill and distinguishes the national employees from nonthe nationals: • The share of the wage bill corresponding to paid nationality sénégalaise is subjected to the rate of 3%. • For the employees of foreign nationality, it corresponds to 6%. The Value-added tax (VAT) The VAT sénégalaise distinguishes 2 rates according to products': • A rate reduced to 10%:importation of certain goods and services, in particular products of great consumption (fruit and vegetables, papers, clothing, new automobile parts, food for the cattle, water, electricity, building materials, hiring, sale to be consumed on the spot. • A normal rate with 20%:they are all the operations subjected to the VAT and nonliable to another rate, petroleum products. The Contribution of the LicencesThe mode of the licences distinguishes the taxable people with the mode from the actual profits, subjected to the common right, and the others, subjected to the fixed price.• The common right envisages a part fixed from 4.000 to 75.0000 F CFA or equal to a determined tax, and an element proportional from 6 to 12% on the rental value. • The fixed price varies from 5.000 to 100.000 F CFA. Income tax (IRPP) The incomes subjected to this tax are:treatments, wages and other incomes. Right proportional The rate applicable to each section of the right proportional, which does not take account of the family circumstances of the taxpayer arises:{mosimage} as follows Earned incomes • fraction of the annual income < 600.000 F CFA:0% • fraction of the annual income > 600.000 F CFA:14% Land incomes 20% Incomes of the movable capital• normal rate 16%• rate for the residents in France 15% • reduced rates (returned of currant accounts) 18% BIRO, BNC, BA • fraction of the annual income < 330.000 F CFA 0% • fraction of the annual income > 330.000 F CFA 28% As regards income tax (IR), the taxpayers who invest in Senegal whole or part of their income can profit during 8 years (and within the limit of 5% of their annual income Net) from a tax cut equalizes to 10% of the invested sums. The taxpayers who invest their income in the field of solar energy or wind can profit from a tax cut equalizes to 30% of the really paid amounts.This reduction is limited to 25% of the tax established with the title of the year. |