This tax guide provides an overview of the indirect tax system and rules to be aware of for doing business in Mali.

Mali - 120x120.pngIndirect tax snapshot

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Value Added Tax (VAT) is the main type of indirect taxation in Mali.

The Malian tax legislation does not provide any limit for this tax. However, to be able to invoice VAT, the annual turnover of the company must be over 50.000.000 XOF.

N/A.

No.

When the taxable person is not domiciled in Mali, he must designate a representative in Mali who undertakes to carry out all the necessary formalities and to make all the payments due.

VAT tax return must be submitted monthly, generally the 15th of each month.

Yes, penalties are imposed for the late submission of returns/ payment of tax.
• Omissions and reductions in the taxable amount are subject to a penalty of 50%. In the event of bad faith on the part of the taxpayer, this rate is 100%.
• Late payment leads to an increase in interest at a rate of 2% per month of delay, limited to a maximum of 20%.
• A fine of 25% if the declaration is made spontaneously after the legal deadline and provided that the delay exceeds one month.
• A fine of 5% if the delay does not exceed one month and provided that no reminder has been sent.
• A fine equal to 50% of the due amount in the case of omissions and inaccuracies found in the declarations.
• The rate of this fine is increased to 100% when the good faith of the taxpayer cannot be admitted.

Yes, other declarations are required for the withheld of VAT.

Yes, in case of tax audits or fraud.

No.

 

A VAT invoice must contain the following information:
• Company name
• Address
• NIF
• Bank account number
• RCCM number

The VAT declaration can be done online on the portal “e-services Mali”.

Contact us

For further information on indirect tax in Mali please contact:

Jean-Louis Dattie
T +225 27 20 30 77 00
E jean-louis.dattie@ci.gt.com

Charles-Alexandre Koffi
T +225 27 20 30 77 00
E charles.koffi@ci.gt.com

International indirect tax guide
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International indirect tax guide