Mali Corporate Income Tax

Corporate income tax (Impôt sur les Sociétés)

Companies pay the Impôt sur les Sociétés (IS) on net taxable profit; industrial, commercial and professional profits are computed under the IBIC/IBNC rules of the CGI. A turnover-based minimum tax ensures a floor liability even in loss years.

• Standard corporate income tax rate — 30% percent (Code Général des Impôts (Mali) — Impôt sur les Sociétés)
• Mining sector rate — 25% under the Mining Code (Code Minier) percent (approx — confirm; mining fiscal terms depend on the convention vintage) (Code Minier du Mali)
• Minimum lump-sum tax (Impôt Minimum Forfaitaire) — 1% of annual turnover percent (Code Général des Impôts (Mali) — Impôt Minimum Forfaitaire)
• Tax base — Net taxable profit = accounting profit adjusted for non-deductible expenses and exempt income (Code Général des Impôts (Mali) — IBIC/IS)
• Accounting framework for the base — SYSCOHADA (OHADA accounting system) financial statements (OHADA Uniform Act on Accounting and Financial Reporting (SYSCOHADA))
• Withholding tax on dividends (IRVM) — 10% percent (approx — confirm; IRVM rate may vary by instrument) (Code Général des Impôts (Mali) — Impôt sur le Revenu des Valeurs Mobilières)
• Withholding tax on interest — 15% (IRC — Impôt sur le Revenu des Créances) percent (approx — confirm rate and instrument scope) (Code Général des Impôts (Mali) — Impôt sur le Revenu des Créances)
• Withholding tax on royalties/service fees to non-residents — Up to 30% on gross royalties paid to non-residents (service fees commonly 15%) percent (approx — confirm; treaty relief may reduce) (Code Général des Impôts (Mali))
• Corporate return filing deadline — 31 March of the year following the financial year (approx — confirm) (Code Général des Impôts (Mali))
• Advance payments — IS is paid by instalments (acomptes) during the year, with a final balancing payment on filing (approx — confirm instalment schedule with DGI) (Code Général des Impôts (Mali))