Source-cited draft: corporate income tax for Somalia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Corporate / business income tax overview
Company (business profit) tax is payable to the Federal Government of Somalia on a progressive scale by annual income, with USD-denominated brackets. Top-rate and threshold figures below come from the Somalia Investment Promotion Office; a licensed Somali accountant should confirm the intermediate brackets and withholding rates.Somalia Investment Promotion Office — Tax Regime
Corporate income tax structure
Progressive rates from 9% to 30% by annual income band (brackets start around USD 2,400)Somalia Investment Promotion Office — Tax Regime (https://sominvest.gov.so/procedures/tax-regime/)
Top corporate rate
30% on annual business income above USD 30,000Somalia Investment Promotion Office — Tax Regime (https://sominvest.gov.so/procedures/tax-regime/)
Entry threshold for company tax
Progressive brackets begin around USD 2,400 of annual incomeSomalia Investment Promotion Office — Tax Regime (https://sominvest.gov.so/procedures/tax-regime/)
Alternative cited rate range
Some guides report an effective company tax of 10%–15% for many businessesTaxAtlas — Somalia tax summary (https://taxatlas.io/country/somalia)
Tax base
Net business profit (income less allowable expenses) arising in SomaliaIncome Tax Law (Law No. 5 of 1966, as amended) (https://sominvest.gov.so/procedures/tax-regime/)
Withholding tax
Withholding tax is recognised as a direct-tax category; specific statutory rates on dividends, interest and royalties are not uniformly publishedSomalia Investment Promotion Office — Tax Regime (https://sominvest.gov.so/procedures/tax-regime/)
WHT on dividends
Rate not uniformly published — confirm with the Inland Revenue DepartmentInland Revenue Department (https://www.revenuedirectorate.gov.so/direct-tax)
WHT on interest
Rate not uniformly published — confirm with the Inland Revenue DepartmentInland Revenue Department (https://www.revenuedirectorate.gov.so/direct-tax)
WHT on royalties
Rate not uniformly published — confirm with the Inland Revenue DepartmentInland Revenue Department (https://www.revenuedirectorate.gov.so/direct-tax)
Filing / payment deadlines
Annual corporate filing deadlines not yet uniformly codified; sales tax and payroll withholding remitted monthlyInland Revenue Department (https://taxatlas.io/country/somalia)
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