Tax laws Mauritania
Mauritania's taxation system encompasses various taxes, including corporate and personal income taxes, value-added tax (VAT), property taxes, and other levies.
1. Corporate Income Tax:
- Rates:
- Standard Rate: 25% of net taxable profit or 2% of taxable revenue, whichever is higher. The minimum tax payable is MRU 100,000.
- Non-Resident Companies: Subject to a 15% withholding tax on Mauritania-sourced income, applicable to both residents and non-residents.
2. Personal Income Tax:
- Residents:
- Progressive Rates: 15% to 40%, applied to monthly taxable income as follows:
- Up to MRU 90,000: 15%
- MRU 90,001 to MRU 210,000: 25%
- Above MRU 210,000: 40%
- Non-Residents: Taxed on Mauritania-sourced income, including wages, at rates between 15% and 40%.
- Progressive Rates: 15% to 40%, applied to monthly taxable income as follows:
3. Value-Added Tax (VAT):
- Standard Rate: 16% for most commercial operations.
- Special Rates:
- Petroleum products: 20%
- Telephony services: 18%
- Financial activities (banking, money transfers): 14% citeturn0search0
- Exports: Zero-rated for VAT purposes.
- Registration: Mandatory for businesses with an annual turnover exceeding MRU 3 million.
4. Property Taxes:
- Built Property Tax: Levied on the rental value of built properties, with rates ranging from 3% to 10%. In practice, an 8% rate is commonly applied.
5. Other Taxes:
- Registration and Stamp Duties: Applicable to rental contracts, donations, and inter vivos gifts, with rates varying based on the asset type. For example, donations of real estate are subject to a 2% registration fee.
- Withholding Taxes: A 15% withholding tax replaces all direct and indirect taxes for non-established businesses providing services in Mauritania, unless a double taxation agreement specifies otherwise.
Recent Developments:
Tax Reforms: The adoption of a new General Tax Code in 2019 introduced a corporate income tax and a semi-dual approach to personal income taxation, aiming to enhance tax administration efficiency.
Energy Sector Initiatives: Efforts to position Mauritania as an energy hub include significant gas projects like the Greater Tortue Ahmeyim field, expected to boost economic growth and influence future tax policies.
Note: Tax laws and regulations are subject to change. For the most current information, consult official Mauritanian tax authorities or seek professional tax advice.
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