SectorWire
SearchRegister
MenuClose

Senegal introduces 0.5% levy on mobile money and payment transactions

Regulation

Senegal’s 0.5% Tax on Money Transfers took effect on 17 December under Law n°2025‐17, covering mobile money, banks, post offices and card payments. Each charge is capped at CFAF2,000; transfers below CFAF20,000 and specified payments, including salaries and state payments, are exempt. The levy adds costs to online betting deposits and withdrawals, alongside a 20% tax on winnings enforced by LONASE since November.

The levy and winnings tax change the costs and tax treatment of deposits, withdrawals and betting payouts in Senegal.

Request a correction

Flag an issue

Keep reading

Regulation

KSA documents show payment demands concerning transactions to illegal gambling sites

Documents released by the Kansspelautoriteit (KSA) show that it sought transaction records from banks and payment providers linked to suspected illegal gambling, according to a report on the disclosures. In 2018, the regulator requested iDEAL transaction data involving Unibet accounts from ABN AMRO and ING, giving the banks two weeks to respond; later records describe an expansion to electronic money institutions in March 2022.

Continue reading