Senegal

updated:2020-08-03    

 

Other:


(1) The deadline for paying suspended tax obligations was extended from 12 to 24 months to improve the liquidity of firms. Their balance sheets will also profit from a partial write-off of tax debt. Tax rebates are envisaged for companies that keep their workforce and salaries above a certain level. 

 

(2) Other tax measures include: faster reimbursement of VAT credits to companies, the possibility to postpone tax payments due in the first half of 2020 for SMEs and companies in the hardest hit sectors, and the possibility for people and companies that contribute to the COVID-19 Fund to make these gifts tax deductible.

 

 

 
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