Senegal
updated：2022-05-13
The parliament has approved a revised 2021 budget which incorporates (i) COVID-19 vaccine spending;, (ii) additional measures for youth and women employment;, (iii) a weaker economic outlook given the prolonged impact of the pandemic; and (iv) higher energy subsidies. Preliminary estimates suggest that the fiscal costs for the vaccination effort in 2021-2022 will be about 0.5 percent of GDP. The government plans to vaccinate 20 percent of the population by end-2021 and at least 60 percent by the end of the first quarter of 2022.
(Updated: May 2022)
Other:
(1) The deadline for paying suspended tax obligations was extended from 12 to 24 months to improve the liquidity of firms. Their balance sheets will also profit from a partial write-off of tax debt. Tax rebates are envisaged for companies that keep their workforce and salaries above a certain level.
(2) Other tax measures include: faster reimbursement of VAT credits to companies, the possibility to postpone tax payments due in the first half of 2020 for SMEs and companies in the hardest hit sectors, and the possibility for people and companies that contribute to the COVID-19 Fund to make these gifts tax deductible.
(Updated: August 2020)
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