Our Taxation Services
We deliver a full range of tax services that help minimize the effect of the many taxes our clients face. We give our clients peace of mind as we help them comply with local tax regulations wherever they operate. When disputes arise with the tax authorities, we are there to help deal effectively with the issue.
Tax Advisory and compliance
Tax Due diligence
Tax Health checks and
Other special assignments (i.e. tax audits)
Our tax unit has over the years supported clients across various industries on a wide range of tax related matters related to one or more core service lines. Other sub service lines are embedded in our core services as highlighted.
Tax Advisory and Compliance
Preparation, review and filing of monthly PAYE (Pay-As-You-Earn).
Preparation, review and filing of monthly VAT (Value Added Tax)
Analyze data and prepare advance Corporate Income Tax (CIT) computation
Prepare Advance Corporate Income Tax Return
Review and file Advance Corporate Income Tax Return
Prepare workings for local statutory accounts tax disclosures
Compute and file quarterly and annual FBT (Fringe Benefit Tax)
Handle all queries from the GRA on behalf of our clients
Administer all other applicable taxes
Formulate internal policies that accelerates growth through tailor made tax solutions.
Tax Due Diligence
- Reviewing company tax positions for proposed mergers and acquisitions.
- Reviewing and analyzing any tax planning schedule.
- Identifying the main tax risk
Other Special Assignments (Tax Audits)
Review of recent tax audit performed by the Tax Authorities including main adjustments proposed, status of tax report, identification of potential future tax liabilities and accrual policy in the group′s accounts.
Tax Health Checks
- Performing thorough examination of company′s operations in line with applicable taxes.
- Evaluating the companies level of tax compliance.
- Review and analysis of any tax planning schemes for companies.
- Exposure gap analysis and recommendations
Quick Highlights
As first point of contact for Investors willing to invest in The Gambia, Our Tax Consultants equip you with all the prerequisite information for investment in The Gambia. Not only do we stop at furnishing you with every information necessary for investment but guide and assist you through the entire process from incorporation to actual commencement of operations. One of the many reasons for our leading position in the practice industry.
Latest Tax Laws applicable for the Year of Assessment 2019 (Fiscal Policies).
CIT Rate stands at the higher of 1% on gross revenue and 27% on annual profit for Companies with audited accounts.
Fringe Benefit Tax Rate stands at 27%.
PAYE follows a Progressive system with earnings in excess of GMD64,000 taxed at 25%.
Value Added Tax remains at 15% Standard Rate.
Capital Gains Tax attracts tax on the higher of 5% of Consideration and 15% of Net Gains for Individuals and for Companies, it is computed based on the higher of 10% of Consideration and 25% of Net Gains.
Environmental Tax of GMD1 is payable by every individual in employment.
Monetary Policies
- The current Monetary Policy Rate is 15% (Sept. 2017)
- Consumer Price Inflation measured by the National Consumer Price Index stood at 7.92% as at year end 2017.
- In 2017, real GDP growth was 2.2%.
Other Relevant Facts
According to the World Bank Doing Business 2018, The Gambia sits at 146th position out of 190 countries in Ease of Doing Business Ranking with a DTF score (Distance To Frontier) of 51.92.
