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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What is the principal indirect tax?

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

Is there a registration limit for the tax?

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.

Does the same registration limit apply to non-established businesses?

N/A.

Is there any specific legislation to tax non-resident supplies of electronically supplied/digital services to private consumers resident in your country?

No.

Does a non-established business need to appoint a fiscal representative in order to register?

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.

How often do returns have to be submitted?

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

Are penalties imposed for the late submission of returns/ payment of tax?

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.

Are any other declarations required?

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

Are penalties imposed in other circumstances?

Yes, in case of tax audits or fraud.

Can the VAT incurred by overseas businesses be claimed if they are not registered in Mali?

No.

 

What information must a VAT invoice show?

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

Are there any current or anticipated Standard Audit File for Tax (SAF-T) or similar electronic/digital filing requirements eg invoice listing data file/real-time VAT reporting?

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

International indirect tax guide

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