Indirect tax - Mali

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”.