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1. INVESTMENT CODE
• Exemption from import duties on the production equipment and material
• Suspension of VAT on the production equipment and material and VAT invoiced by local suppliers on goods services & works etc.
• Tax credits over 5 years up to 40% eligible investment but not exceeding 50% of the taxable profit
• Exemption from CFCE which is a tax based on salaries paid to employees
• Corporate tax at 25%.
2. FREE EXPORT COMPANY STATUS
• For industrial, agricultural & Tele-services companies which export at least 80% of their production
• Exemption from customs duties and stamps for production and transportation equipment, raw materials, and finished and semi-finished products;
• Exemption from customs duties and customs stamp tax on utility vehicles and tourism vehicles and means of transportation for production use;
• No limitations or restrictions in employing foreign staff
• Exemption from all forms of taxes based on salaries paid to employees (labour tax);
• Corporate tax at 15% instead of 25%.
• Exemption from registration fees and stamp taxes due when incorporating or modifying the articles of incorporation of the company
• Possibility of making fixed-term contracts for a period limited to five years
• Unlimited stay of imported goods in Senegal;
• Possibility of selling up to 20% of its production on the local market.
3. FISCAL INCENTIVES GRANTED TO PROJECTS OVER 250 BILLION FCFA (500 million US $):
• Incentives directly negotiated between the Investor and the relevant Ministry

Sectorial training centers have been created:

• the Agribusiness Training Center,
• the Construction and Civil Engineering Center

An implementation study of six (6) vocational and technical training institutions has started in the regions of Thiès, Ziguinchor, Kolda, Louga and Matam.

There is no restriction on foreign exchange (FX), investors have a guarantee on the provision of foreign exchange;

• Investors who cater to the foreign market for at least 80% of their production are exempted from income tax on securities deducted from distributed dividends by the company;

GOANA (Great Agricultural Offensive for food and Abundance), which offers favourable investment conditions such as facilitation of access to land and water, fiscal incentives, subsidies on inputs etc.

MINING CODE

Fiscal incentives allowing the holder of a mining concession to benefit from:

1. Total exemption of all taxes for the holder of a research permit during the period of validity of the permit and any renewals
2. Exemption of all Customs duties and taxes, including VAT and the Conseil Sénégalais des Chargeurs (Senegalese Council of Shippers, COSEC) withholding tax on :
• Equipment, raw material, and utility vehicles included in the registered program and replacement parts and functional items not produced or fabricated in Senegal, which are specifically destined to be used in the mining research operations;
• Fuels and lubricants for fixed facilities, drilling instruments, machines and other equipment destined for research operations under the permit granted;
• Oil products for producing energy used during the research program.