Senegal Tax Tables 2024 - Tax Rates and Thresholds in Senegal
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This page contains the tax table information used for the calculation of tax and payroll deductions in Senegal in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ SN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Senegal or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Senegal Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Senegal are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Senegal Tax Calculator 2024.
Senegal Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from ₣ 0.000.00 | to | ₣ 630,000.00 |
| 20% | Income from ₣ 630,000.01 | to | ₣ 1,500,000.00 |
| 30% | Income from ₣ 1,500,000.01 | to | ₣ 4,000,000.00 |
| 35% | Income from ₣ 4,000,000.01 | to | ₣ 8,000,000.00 |
| 37% | Income from ₣ 8,000,000.01 | to | ₣ 1,350,000.00 |
| 43% | Income from ₣ 1,350,000.01 | to | ₣ 50,000,000.00 |
| % | Income from ₣ 50,000,000.01 | | and above |
Senegal Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from ₣ 0.000.00 | to | ₣ 630,000.00 |
| 20% | Income from ₣ 630,000.01 | to | ₣ 1,500,000.00 |
| 30% | Income from ₣ 1,500,000.01 | to | ₣ 4,000,000.00 |
| 35% | Income from ₣ 4,000,000.01 | to | ₣ 8,000,000.00 |
| 37% | Income from ₣ 8,000,000.01 | to | ₣ 1,350,000.00 |
| 43% | Income from ₣ 1,350,000.01 | to | ₣ 50,000,000.00 |
| % | Income from ₣ 50,000,000.01 | | and above |
In Senegal, social security deductions made by employees are generally deductible when calculating taxable income. This means that the contributions employees make towards social security can be subtracted from their gross income before the income tax is determined, potentially reducing their overall tax liability. This provision encourages participation in the social security system and provides a form of tax relief for individuals, aligning with the government's objectives of promoting social welfare and ensuring financial security for workers and their families.
Senegal Social Security and Payroll Deduction Rates in 2024
In Senegal, the social security system is designed to provide various benefits to employees and their families, including retirement pensions, health insurance, family benefits, and more. Both employers and employees contribute to this system through mandatory payroll deductions. These contributions ensure that workers have access to essential social services and support during different stages of their lives and in various circumstances.
Senegal Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Social Security (CSS) Family Allowance | 0% | 7% | 7% |
| CSS Work Injury | 0% | 5% | 5% |
| CSS Health Contribution | 7.5% | 7.5% | 15% |
| Pension Contribution | 9% | 12% | 21% |
| Medical Coverage | 6% | 6% | 12% |
Senegal Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Social Security (CSS) Family Allowance | n/a | n/a | n/a | ₣ 756,000.00 |
| CSS Work Injury | n/a | n/a | n/a | ₣ 756,000.00 |
| CSS Health Contribution | n/a | ₣ 3,000,000.00 | n/a | ₣ 3,000,000.00 |
| Pension Contribution | n/a | ₣ 4,320,000.00 | n/a | ₣ 4,320,000.00 |
| Medical Coverage | ₣ 720,000.00 | ₣ 3,000,000.00 | ₣ 720,000.00 | ₣ 3,000,000.00 |
Retirement Pension
One of the primary components of Senegal's social security system is the retirement pension. Contributions fund future pension benefits for employees, ensuring financial support upon retirement. This scheme aims to provide a stable income for retirees, acknowledging their contribution to the workforce during their active years.
Health Insurance
Health insurance contributions cover medical care for employees and their dependents. This includes preventative care, treatment of illnesses and injuries, and access to a network of healthcare providers. The goal is to ensure that all workers have access to quality healthcare services without facing financial hardship.
Family Benefits
Family benefits are designed to support employees with dependents, offering allowances for children's education, maternity leave, and assistance in case of death. These benefits help to alleviate the financial burden on families during significant life events and contribute to the overall well-being of workers' families.
Accident and Illness Insurance
Contributions to accident and illness insurance provide coverage for workers who suffer from work-related injuries or occupational diseases. This insurance offers compensation and support for medical expenses, rehabilitation, and income replacement during recovery periods, ensuring that affected employees are not left without resources.
Unemployment Benefits
While Senegal's social security system includes measures to support employment, specific unemployment benefits are limited. However, there are programs and initiatives aimed at assisting job seekers and those temporarily out of work, focusing on training, job placement, and support for re-entry into the labor market.
Challenges and Reforms
The social security system in Senegal, like those in many countries, faces challenges related to coverage, sustainability, and adequacy of benefits. The government and social security institutions continuously work on reforms to improve the system's effectiveness, expand coverage to more workers, particularly in the informal sector, and ensure the long-term viability of the social security funds.
The social security and payroll deduction system in Senegal plays a crucial role in the country's social fabric, providing essential protections and benefits to the workforce. By contributing to this system, employers and employees invest in the well-being and stability of society, ensuring support and security for individuals and families across the nation.
Senegal VAT Rates in 2024
VAT rates for Senegal are reviewed annually, you can use the VAT Calculator to calculate VAT due in Senegal or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Senegal VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
| 18% | Standard Rate |
Historic Tax Tables supported for Senegal
The following tax tables are supported by iCalculator™ SN as part of the suite of free tax tools we provide for Senegal.