Mali Investment Income Guide 2026

Overview — Investment Income Taxation

Mali taxes investment income through withholding taxes at source for most passive income streams. The withholding tax is generally a final tax for resident individuals. For companies, withheld tax is creditable against corporate tax. For non-residents, withholding tax rates may be reduced under applicable double tax treaties. The Direction Générale des Impôts administers all withholding tax under the Code Général des Impôts.

Dividends — Withholding Tax

Dividends paid by Malian-resident companies are subject to withholding tax. The standard rate is 10% for resident shareholders. This is a final tax for resident individuals, meaning the dividend income is not included in the individual's progressive IRPP assessment. For corporate shareholders, the WHT is a creditable advance payment against their CIT liability. For non-residents, the dividend WHT rate may be reduced under applicable double tax treaties (typically 5–10%).

Interest Income — Withholding Tax

Interest income is subject to withholding tax at source:

• Bank deposit interest — 10% WHT (final for individuals)
• Government bonds — 10% WHT on interest payments
• Corporate bonds — 10% WHT on interest
• Treasury bills — 10% WHT on discount income

Interest paid to non-residents may be subject to reduced rates under double tax treaties.

Capital Gains on Investments

Capital gains on shares and securities are generally not subject to CGT in Mali. Gains from the disposal of listed shares are exempt from tax. Gains from the disposal of unlisted shares may be subject to tax under certain conditions. Professional securities traders are taxed on their trading profits under the standard IRPP or CIT regime.

FAQs

Do I need to report dividend income on my tax return?

If you are a resident individual, the WHT on dividends is final, so no further reporting is needed. Non-residents and corporate shareholders should report and claim treaty relief where applicable.

Are foreign investment income and capital gains taxable in Mali?

Yes, tax residents are taxed on worldwide investment income. Foreign dividends, interest, and capital gains should be declared in the annual tax return. Foreign tax credits may be available under DTTs.

Can I claim a refund if WHT exceeds my tax liability?

Yes, where the WHT deducted exceeds the final tax liability, you can claim a refund from DGI by filing an annual return.

Disclaimer

This guide provides general information about Malian investment income taxation for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Malian tax advisor or the Direction Générale des Impôts for advice specific to your situation. InvestmentKit does not provide tax advice.