Senegal has proposed fiscal measures for the mobile payments sector

Senegal may change its tax legislation as part of the economic and social recovery plan for 2025-2028, which is expected to raise 220 billion FCFA.

It is planned to introduce:

• 0.5% tax on each money transfer,
• 1.5% tax on payments to sellers,
• An additional 2% commission for the sellers themselves.

The Economic and Social Recovery Plan 2025-2028 was developed to overcome the problem of a budget deficit of 12.3% and a public debt of 99.67% of GDP.

The proposed taxes have already caused alarm even among representatives of the presidential majority. One member of parliament admitted that excessive taxation should be avoided, if only because the sector is still unstable.

The public fears that even small taxes will be felt by those who regularly use mobile payments, and sellers may raise prices for goods and services. Experts worry that the innovation could disrupt Senegal's tendency to integrate into the financial system.