The Corporate Tax Rate in Gambia stands at 27 percent. source: Gambia Revenue Authority

Corporate Tax Rate in Gambia averaged 30.33 percent from 2016 until 2021, reaching an all time high of 31 percent in 2017 and a record low of 27 percent in 2021. This page provides - Gambia Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Gambia Corporate Tax Rate - values, historical data and charts - was last updated on July of 2021.

Corporate Tax Rate in Gambia is expected to reach 31.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gambia Corporate Tax Rate is projected to trend around 31.00 percent in 2022, according to our econometric models.

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Gambia Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
27.00 31.00 31.00 27.00 2016 - 2021 percent Yearly

Gambia Taxes Last Previous Highest Lowest Unit
Sales Tax Rate 15.00 15.00 15.00 15.00 percent [+]
Personal Income Tax Rate 30.00 30.00 35.00 30.00 percent [+]
Corporate Tax Rate 27.00 31.00 31.00 27.00 percent [+]

Gambia Corporate Tax Rate
In the Gambia, the corporate income tax rate is paid by companies or partnerships on their turnover or profit. Corporate income tax rate is currently the higher of 31 percent of the taxable profit and 1.5 percent of turnover for the year. However, if for any reason the company accounts are not audited, the corporate tax on turnover should be 2.5 percent and not 1.5 percent.