Read more articles about business and personal tax in the Gambia. This includes the Value Added Tax, employment income tax, capital gain and corporate tax. Let us know if you require more information on any of the taxes in our articles. We will be happy to share our views with you.
The Gambia’s 2025 national budget unveils transformative tax reforms to modernize the fiscal system, expand the tax base, and promote equity. These changes are effective from January 1, 2025. This article provides summary points on the key changes. Key Tax Reforms Withholding Taxes Expanded to cover contractors, suppliers, and consultants, with rates of 10% for […]
Tax Reforms in The Gambia’s 2025 National Budget Read More »
With the emergence of e-commerce, most individuals and businesses now use digital platforms to buy and sell products and services. The Gambia is not an exception, especially with a growing young population in the digital age. However, the Gambia Revenue Authority (GRA) has little or no means to track online business transactions for possible tax
Four Possible Digital Tax Evasion in The Gambia Read More »
No one wants to get into trouble with the IRS or any other tax authorities as resolving it often means a lot of work. A tax audit, in particular, would be the last thing that you may want to encounter. Still, these are more common than you think because taxpayers make intentional and unintentional mistakes
5 Simple Strategies To Avoid An IRS Tax Audit In 2020 Read More »
The first of the quarter of the year is the tax filing season in most countries. However, according to various reports, IRS customer service is one major concern to Americans, especially during the IRS tax season. IRS is rated amongst the most underperforming federal agencies in matters of customer satisfaction. It is thus not quite
How to Resolve Issues with the IRS – Tax authorities? Read More »
Tax Identification Number, commonly called TIN number is a unique number tax authorities assigned to individuals, businesses and organizations to ease tax transactions. The main purpose is to identify and cross check taxpayers’ information. All businesses must obtain a tax identification number (TIN) before registering with the Companies Registry in the Gambia. Therefore, it is important for
TIN Number Registration in Gambia – 4 Simple Procedures Read More »
Valued Added tax aka VAT is one of the most common tax businesses will handle in the Gambia. Therefore, it is important for individuals and small business managers to be familiar with the list of goods and services that are VAT exempted in the Gambia. VAT exempted goods are not charged with any VAT at
15 Gambia VAT Exempted Goods and Services Read More »
VAT or Value Added Tax was introduced in the Gambia on the 1st January 2013 following the approval of the Gambia Income and Value Added Tax Act, 2012 by the National Assembly on 27th June 2012. Value Added Tax is charged on both imports and domestic transactions as it used to be under the then sales tax
19 Things about VAT in Gambia Read More »
Tax is a compulsory payment, levied on qualified persons, companies or partnerships by a government. As a small business owner, you need to be aware of and understand the common taxes and contributions that are levied in the Gambia. These business taxes and contributions are provided by the law, e.g. the Income & Value Added
12 Gambia Business Taxes You Need To Know Read More »
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