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Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
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Cybersecurity
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
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Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
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Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Valuations
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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IFRS
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
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Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
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Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
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Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
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Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Tax policy
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
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Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
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Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
Indirect tax snapshot
Please click on each section to expand further:
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 |
Charles-Alexandre Koffi |
