Senegal Capital Gains Tax Guide 2026

Overview — CGT in Senegal

Capital gains tax in Senegal is governed by the Code Général des Impôts (CGI). A chargeable gain arises when a person disposes of a capital asset for consideration exceeding the allowable cost. Disposal includes sale, exchange, gift, and transfer. The tax applies to both individuals and companies, though the treatment differs. Resident individuals and companies are taxed on worldwide chargeable gains; non-residents are taxed only on gains from Senegalese assets. For companies, capital gains are included in ordinary taxable income. For individuals, separate rates apply to different asset classes.

CGT on Property — 20%

Gains from the disposal of real property (land and buildings) are subject to CGT at 20% for individuals. The chargeable gain is calculated as: Selling price minus (Acquisition cost + Incidental costs + Improvement expenditure). Allowable costs include the original purchase price, notarial fees, registration duties, and capital improvements. The gain is assessed in the year of disposal. The principal private residence may be exempt if the property has been occupied as the main residence for at least 5 years. Property held for more than 10 years may qualify for a reduction in the taxable gain.

CGT on Securities — 10%

Gains from the disposal of securities (shares, bonds, and other financial instruments) are subject to CGT at 10% for individuals. This rate applies to gains from the sale of listed and unlisted shares, corporate bonds, and investment fund units. Gains from the disposal of shares in companies that are primarily real estate holding companies may be recharacterised as property gains and taxed at 20%. The cost base includes the acquisition price and associated transaction costs. Losses on securities may be offset against gains on securities in the same tax year, with unrelieved losses carried forward for up to 3 years.

Business Asset Disposals

For companies, capital gains on the disposal of fixed assets (property, plant, machinery, intangible assets) are included in ordinary taxable income and taxed at the standard IS rate of 25% (or applicable reduced rate). Rollover relief is available when the proceeds from the disposal of a business asset are reinvested in a replacement asset within 2 years. The gain is deferred by reducing the cost base of the replacement asset. For individuals selling business assets, the 20% rate applies to immovable property and the 10% rate applies to movable business assets.

FAQs

How do I calculate my chargeable gain?

The chargeable gain is the difference between the disposal proceeds (net of selling costs) and the acquisition cost (plus enhancement expenditure). Example: Buy land for XOF 50,000,000, sell for XOF 80,000,000, costs of XOF 3,000,000. Gain = 80,000,000 − 50,000,000 − 3,000,000 = XOF 27,000,000. CGT at 20% = XOF 5,400,000.

Can I offset capital losses against capital gains?

Yes, capital losses in a tax year may be offset against capital gains in the same year. Unrelieved losses may be carried forward for up to 3 years. Losses on one asset class may offset gains on another.

What assets are exempt from CGT?

Principal residence (subject to 5-year occupancy condition), personal motor vehicles, assets transferred on death, and gains below certain thresholds. Government securities may also be exempt.

Disclaimer

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