Mali: Technical Assistance Report-Tax Policy-Diagnostic Assessment

Volume/Issue: Volume 2016 Issue 083
Publication date: March 2016
ISBN: 9781513596822
$18.00
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Public Finance , Taxation - General , ISCR , CR , enterprise , tax , tax expenditure , government , wage , tax revenue , benchmark tax , authorities' radar , cost of funds , wage tax reform , tax authorities' radar , analyzing tax expenditure , regime D , beneficiary enterprise , tax expenditure analysis process , flat rate , Tax expenditures , Value-added tax , Consumption taxes , Income and capital gains taxes , Sub-Saharan Africa

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Summary

This paper presents a diagnostic assessment of the tax policy of Mali. The diagnostic assessment looks at the country’s main taxes and levies; it is supplemented by a second report on the mining and petroleum sector. Tax revenues represented 15.37 percent of GDP in 2013, up slightly from the 2012 level (14.87 percent). The revenue structure has scarcely changed since the last general assessment mission conducted in 2011, and the analysis performed then remains relevant now. Mali’s corporate income tax and tax on industrial and commercial profits (IS-BIC) are in compliance with the West African Economic and Monetary Union harmonization directives. The IS-BIC rate is 30 percent.