Senegal’s draft 2026 Amending Finance Bill introduces a new levy on electronic money operators, revises the minimum flat tax, restores incentives for economic housing developers, and updates stamp duties and land registration fees. 

RF Report

Senegal’s General Directorate of the Budget published the draft Amending Finance Bill for 2026, which details a significant restructuring of the national budget.

The government outlines a revised fiscal strategy necessitated by international geopolitical tensions, rising energy costs, and internal administrative changes. Key adjustments include a substantial increase in energy subsidies and social safety-net funding, balanced by reduced non-productive investment spending.

Economic solidarity contribution on electronic money operators

Senegal has introduced a new Economic Solidarity Contribution on Electronic Money Operators to simplify and replace the previous transaction-based tax framework for digital financial services.

  • New contribution: Senegal introduces an Economic Solidarity Contribution on Electronic Money Operators under Article 29 of the CGI.
  • Tax replacement: This new turnover-based contribution repeals and replaces the previous transaction-based framework.
  • Tax base: Covers total revenue or gross value from money transfer and e-money payment services originating in or destined for Senegal.
  • Non-deductible: The contribution is not deductible for Corporate Income Tax (IS) purposes.
  • Progressive rates:
    • 8% on annual taxable turnover up to XOF 150 billion.
    • 9% on the bracket between XOF 150 billion and XOF 300 billion.
    • 10% on turnover exceeding XOF 300 billion.
  • Payment: Three quarterly instalments are due by 15 June, 15 September, and 15 December, each equal to 25% of the previous year’s liability. Any remaining balance is due by 15 March of the following year.

Reform of the minimum flat tax (IMF)

The 2026 Amending Finance Bill also introduces a minimum flat tax rate of 0.5% of the previous year’s tax-exclusive turnover, with minimum and maximum tax amounts determined by the size of the enterprise.

To balance equity across enterprise sizes, specific floor and ceiling caps apply:

  • Large enterprises: Minimum XOF 1,000,000  and maximum XOF 10,000,000.
  • Medium enterprises: Minimum XOF 500,000 and maximum XOF 5,000,000.
  • Small & other enterprises: Minimum XOF 250,000 and maximum XOF 5,000,000.

Derogative tax & customs regime for approved economic housing developers

Article 32 reintroduces a temporary tax and customs incentive framework for state-approved developers of low-cost housing. The measure aims to protect ongoing projects and support the construction sector while permanent tax code reforms are developed.

The measures are:

  • Corporate income tax (IS): 50% reduction in IS for eligible developers.
  • Land registration fees: 50% reduction in land registration fees on real estate acquisitions.
  • Value added tax (VAT): Temporary VAT suspension on construction materials, topographical and architectural studies, urban planning, VRD (roads and utilities) works, and socio-collective infrastructure (schools, health centres). This converts into a permanent exemption upon post-project audit confirming compliant usage.
  • Customs relief: Complete customs duty exemption on imported permanent building components (excluding items produced locally) and temporary special admission for heavy construction equipment like cranes, bulldozers, and trucks.

Reorganisation of stamp duties & administrative fees

The 2026 Amending Finance Bill revises receipt stamp duties and land registration fees to modernise revenue collection:

  • Receipt stamp duty: Payments up to XOF 100,000 are exempt, while payments above this threshold are subject to a 1% duty. Cash deposit receipts issued by commercial banks and financial institutions are subject to a fixed XOF 200 duty, excluding SFDs.
  • Land registration fees: Fixed fees are set at XOF 30,000 for title duplicates, XOF 20,000 for mergers or subdivisions, and XOF 5,000 for other title entries. The proportional rate remains 0.80% for specified real estate transactions.
  • Land registration reimbursement: A 1% fee based on market value applies upon the initial transfer, concession, or alienation of registered land.