iCalculator™ GM: Gambia Tax Calculators

Welcome to iCalculator™ GM, your comprehensive suite of free tax calculators for Gambia. iCalculator™ has provided free tax calculators for Gambia since 2014. Since those early days we have extended our resources for Gambia to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Gambia Tax Calculator and salary calculators within our Gambia tax section are based on the latest tax rates published by the Tax Administration in Gambia. In this dedicated Tax Portal for Gambia you can access:

Gambia Tax Calculator 2023/24

The Gambia Tax Calculator below is for the 2023 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Gambia. This includes calculations for

1. Employees in Gambia to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Gambia.

Discover Gambia

The Gambia, the smallest country on mainland Africa, is situated in West Africa, bordered almost entirely by Senegal, except for a small Atlantic coastline to the west. This unique geography, with the Gambia River running through the center and extending into the country, has historically made it a hub for trade and cultural exchange. Neighboring Senegal surrounds The Gambia on three sides. Discover more about Senegal: Senegal.

Gambian culture is a tapestry of various ethnic groups, including the Mandinka, Fula, Wolof, Jola, and others, each contributing to the country's diverse traditions, music, dance, and cuisine. The Gambia is renowned for its hospitality, vibrant markets, and colorful festivals, which reflect its rich cultural heritage. Music plays a significant role in Gambian society, with traditional instruments like the kora (a 21-string lute-bridge-harp) being central to its musical expression.

The Gambian economy is primarily agriculture-based, with peanuts being the major cash crop and export product. The country also engages in fishing, animal husbandry, and small-scale manufacturing. Tourism is a growing sector, drawn by The Gambia's warm climate, rich wildlife, including bird watching opportunities, and attractive beaches along the Atlantic coast. However, the economy faces challenges such as limited natural resources, reliance on agricultural exports, and vulnerability to external shocks.

Despite its size, The Gambia has a dynamic society with a focus on community and tradition. Efforts to diversify the economy and promote sustainable development are ongoing, with emphasis on enhancing the tourism sector and small-scale enterprises to improve economic resilience and livelihoods.

Overview of Taxation in Gambia

The tax system in The Gambia encompasses a variety of taxes applicable to individuals and businesses, aimed at funding public services and infrastructure development. Key elements include personal income tax, corporate tax, and value-added tax (VAT). Personal income tax is levied on the earnings of individuals, including wages, salaries, and other forms of income. Corporate tax is imposed on the profits of companies operating within The Gambia. VAT, applied to most goods and services, is a significant source of revenue for the government.

In addition to these primary taxes, The Gambia's tax system also includes customs duties on imported goods, excise taxes on specific products, and property taxes. The tax regime is designed to be fair and progressive, ensuring that the tax burden is distributed equitably across different income groups and sectors.

For individuals and businesses in The Gambia, understanding the local tax regulations is crucial for compliance and effective financial management. The government offers various incentives and exemptions in certain sectors to stimulate economic growth and attract investment. For the latest information on Gambian tax regulations, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, an essential resource for navigating the complexities of taxation in The Gambia.