- Mandatory E-Invoicing Introduction: Senegal is transitioning to mandatory electronic invoicing to combat tax fraud and facilitate real-time tracking of Value-Added Tax (VAT) payments, ending the optional use established since 2008 and promoting wider adoption across various industries.
- Legislative Changes: The 2025 Finance Bill will require businesses to submit invoices in a structured electronic format through a public invoicing portal or another designated digital platform, although the specific format has yet to be defined.
- Compliance and Penalties: The new e-invoicing requirements will apply to all taxable entities, with penalties for non-compliance set at 25% of the VAT that should have been invoiced electronically, up to a maximum of XOF 5 million (approximately EUR 7,700) per invoice, signaling a significant move towards digitizing Senegal’s tax processes.
Source Comarch
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