Accounting and legal

Accounting and tax

    tax duties in Mali

  1. The standard corporate tax in Mali stands at 30%. All companies are required to i) file their tax return before 30th April of the following year and ii) pay provisional taxes before 30 March, 31st July and the 30th of November based on 30% tax liability of the previous year;
  2. Dividends derived from a company incorporated in Mali are subject to a withholding tax rate of 10%;
  3. The tax losses by Mali corporations can be carried forward for up to 3 years. However, carryback of losses is not allowed;
  4. Value Added Tax is levied at a rate of 18%. All businesses are required to obtain a VAT registration number within 30 days after incorporation;
  5. All employers in Mali are required by law to pay a 3.5% payroll tax on the gross salary of every employee;
  6. For social security tax funds, for both health care and pensions, employees are subject to a 3.6% of their pretax salary while the employer pays 35% of the employee’s gross salary;
  7. Holding companies are not subject to any corporate taxation in Mali;
  8. All undeveloped and developed real estate are subject to real property tax at annual rate of 3% of the property’s total value;
  9. The government of Mali determines the rate of the interim tax on profits as per the company’s specific situation. The rate should generally not exceed 3%. However, this rate may be increased to a maximum of 5% if the company in question has no tax identification number;
  10. It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.

Contact us

For additional information on our accounting and tax services in Mali, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi