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Senegal: New Stamp Duty Law Sparks Business and Public Outcry

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In Senegal, a recently adopted stamp duty law is stirring widespread debate as businesses begin introducing new taxes ranging from 1 to 20 percent on their products.

The legislation, passed by the National Assembly in September, aims to boost government revenue but has quickly drawn criticism from traders and consumers alike.

Many argue that the measure will raise the cost of living and stifle business growth, while supporters say it is a necessary step toward broadening the tax base and strengthening public finances.

As the controversy deepens, economists are urging the government to revisit the implementation strategy to avoid fueling inflation and public discontent.

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Senegal: New Stamp Duty Law Sparks Business and Public Outcry

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