Information about Senegal Minimum wage and taxes.

The minimum wage in Senegal is set at 209.10 CFA Francs (approximately US$374.06) as of 2021. This minimum wage represents the lowest wage level in the country. The tax system in Senegal includes income tax, corporate tax, VAT and other taxes. Income tax is applied according to seven different income brackets. The tax rate is 0% when the income is between 0-600,000 CFA francs, 10% when the income is between 600,001-1,200,000 CFA francs, 20% when the income is between 1,200,001-2,400,000 CFA francs, and 2,400,001-3,600,000 CFA francs. 30% tax is applied when it is between

3.600.001-

6.000.000 CFA Francs, 35% when it is between

6.000.001-

15.000.000 CFA Francs, 40% when it is between

6.000.001-

15.000.000 CFA Francs and 45% when it is

15.000.001 CFA Francs and above. Corporate tax is calculated on the profits made by companies. This tax rate is generally applied as 30%. VAT rates in Senegal vary depending on the type of product and service. Generally, 18% VAT is applied. However, some products and services also have lower rates. Other taxes include customs duties, property tax, vehicle tax and social security contributions. This information reflects tax and minimum wage regulations in effect as of 2021. However, tax and fee policies may change over time, so it is important to check up-to-date information.