The Gambia Corporate Taxation • GRA IVAT Act

The Gambia Corporate Tax & WHT Calculator 🇬🇲

Compute Corporate Income Tax (27% net profit vs. 1%–2% turnover minimum tax), mandatory GRA quarterly advance instalments, and statutory Withholding Tax (WHT) in Gambian Dalasi (GMD).

GMD (D)

Total billings, trade revenue, and commercial sales

GMD (D)

Salaries, depreciation, rent, raw materials, logistics

GRA levies higher minimum turnover tax if accounts are unaudited

GIEPA Priority sectors may enjoy 5-year tax holidays

Withholding Tax (WHT) Payments & Deductions

10% WHT (or 5% if certified)
10% Statutory WHT
15% Final Dividend WHT
Final Corporate Tax Assessment (GRA)
D 324,000
Assessment Rule Applied Net Profit CIT Rate (27%)
Net Taxable Profit D 1,200,000 Gross less expenses
Profit Tax (27%) D 324,000 27% on net income
Minimum Turnover Tax D 50,000 1.0% of Gross Revenue
Advance Quarterly Tranche D 81,000 Due every 3 months

GRA Advance Quarterly Instalments (Income Tax Act Section 82)

1st Tranche (15 Apr) D 81,000 25% Advance
2nd Tranche (15 Jul) D 81,000 25% Advance
3rd Tranche (15 Oct) D 81,000 25% Advance
4th Tranche (15 Jan) D 81,000 Final Advance

Withholding Tax (WHT) Remittance Due

Suppliers / Contractors (10%): D 40,000
Commercial Rent (10%): D 24,000
Dividends Distributed (15%): D 45,000
Total WHT Deducted & Payable to GRA: D 109,000

The Gambia Corporate Tax Comparative Matrix (GRA)

Tax Category Statutory Rate Assessment Base Payment / Filing Deadlines
Standard Corporate Income Tax 27% Net Taxable Profit (Revenue - Expenses) Annual Return by March 31
Alternative Minimum Tax (Audited) 1.0% Gross Annual Turnover / Revenue Applies if higher than 27% profit tax
Alternative Minimum Tax (Unaudited) 2.0% Gross Annual Turnover / Revenue Applies if higher than 27% profit tax
Advance Quarterly Instalments 4 × 25% Estimated Annual CIT Liability 15 Apr, 15 Jul, 15 Oct, 15 Jan
Withholding Tax: Contracts & Supplies 10% / 5% Gross Invoice Payment (5% with TCC) 15th of month following deduction
Withholding Tax: Commercial Rent 10% Gross Rent Paid to Landlord 15th of month following deduction
Withholding Tax: Dividends & Royalties 15% Gross Distributed Amount Final tax on distributions

Frequently Asked Questions (FAQ) - Corporate Tax in The Gambia

What is the standard Corporate Income Tax (CIT) rate in The Gambia?

Under the Gambia Income and Value Added Tax Act (IVAT) administered by the Gambia Revenue Authority (GRA), the standard Corporate Income Tax rate is 27% on net taxable profit. Commercial banks and telecommunication companies may face specialized rates.

How does the Gambian Alternative Minimum Turnover Tax work?

The Gambia operates an alternative minimum tax regime. Companies must pay the higher of the standard net profit tax (27%) or a turnover tax on gross revenue: 1.0% for certified audited accounts or 2.0% for unaudited/certified accounts. Even loss-making enterprises must remit the minimum turnover tax.

When are GRA advance corporate tax quarterly instalments due?

Corporate taxpayers must pay advance quarterly CIT instalments in four equal tranches of 25% on the 15th of April, 15th of July, 15th of October, and 15th of January following the tax year.

What are the statutory Withholding Tax (WHT) rates in The Gambia?

Statutory WHT rates are 10% on commercial contracts and supplies (reduced to 5% if payee holds a valid GRA Tax Clearance Certificate), 10% on commercial office/building rent, and 15% on distributed dividends, royalties, and interest.

Can companies obtain corporate tax holidays under GIEPA in The Gambia?

Yes. Enterprises operating in priority investment sectors (agriculture, agro-processing, tourism, light manufacturing) holding a Special Investment Certificate (SIC) issued by GIEPA can qualify for a corporate tax holiday of 5 to 8 years (0% CIT).

MS

Engr. Muhammad Shahzad

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Principal Civil & Systems Software Engineer specializing in West African fiscal architecture, corporate compliance models, and GRA statutory tax algorithms.

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Statutory Component / Legal Deduction Item Calculated Amount (GMD)
Primary Net / Statutory Payable Amount D 0.00