Business Compliance Simplified: Eliminate Risk, Retain Focus
Navigating the tax and regulatory landscape can be complex; our compliance services ensure your company meets all statutory deadlines, optimizes tax liabilities, and maintains its status with the Gambia Revenue Authority (GRA) and the Social Security and Housing Finance Corporation (SSHFC).
Annual Returns (Corporate & Statutory Filings)
Statutory Integrity
We manage the mandatory annual submission of your financial statements, director's report, auditor's report, and annual return to the Registrar of Companies. This ensures your legal standing is continuously maintained and public records are current.
Annual Review and Certification
We ensure your accounts give a true and fair view of your financial affairs, as required by the Companies Act, preparing all required documents for public inspection and mandatory filing.
Corporate Income Tax Return
Annually, due by March 31st
Annual Employer Return
Annually, due by March 31st
Protect Your Status: Ensure uninterrupted business operations and avoid non-compliance penalties.
Corporate Income Tax (CIT)
Strategic Tax Liability Calculation
We calculate your annual corporate income tax liability based on the "higher of" two statutory methods: the percentage of Net Profit or the percentage of Turnover. This is crucial for controlling your tax exposure.
Proactive Compliance
We handle the preparation and filing of the Quarterly Tax Declarations and the final Annual Income Tax Return with the GRA, ensuring you meet all payment obligations on time.
Higher of:
- 27% of Net Taxable Profit
- 1% of Turnover (audited accounts)
- 2% of Turnover (unaudited accounts)
Quarterly Declaration
Due 15 days after quarter end
Maximize Efficiency: Leverage our expertise for optimal tax positioning.
VAT Tax (Value Added Tax)
Registration and Zero-Rating
We advise on the mandatory VAT registration threshold (GMD 2,000,000 in taxable supplies) and assist with registration. We also manage compliance for zero-rated (e.g., exports) and exempted supplies.
Monthly Returns and Reconciliation
VAT is a consumption tax that requires strict monthly filing. We process your Input VAT (recoverable tax paid on purchases) and Output VAT (tax charged on sales), file the monthly returns, and manage payments.
Standard Rate
15%
On taxable goods and services
Filing Frequency
Monthly, due by the 15th day of following month
Cash Flow Protection: Timely filing ensures eligibility for VAT refunds.
Payroll Taxes (PAYE & SSHFC Contributions)
Payroll Deductions and Remittance
We calculate and remit the required Pay As You Earn (PAYE) income tax deducted from employee salaries and ensure timely payment to the GRA.
Social Security Management
We manage all employer obligations to the Social Security and Housing Finance Corporation (SSHFC), covering the two main schemes: National Provident Fund (NPF) and Federated Pension Fund (FPS), plus the Industrial Injuries Compensation Fund (IICF).
PAYE & Monthly Returns
Due monthly by the 15th day after month end
SSHFC NPF Contribution
10% of Basic Salary (Employer) + 5% of Basic Salary (Employee deduction)
SSHFC FPS Contribution
15% of Gross Salary (Employer only)
Mitigate Risk: Prevent penalties with accurate, timely submissions.