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Finance Law 2013 signed by the President

25 March 2013

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Approved Changes

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Mali

On 26 December 2012, the Finance Law for 2013 was signed by the President. The most important features of the Law, which generally apply from 1 January 2013, are summarized below. -   The withholding tax rate on certain payments to non-resident persons is decreased as follows:       -   from 35% to 30% for royalties; -   from 17.5% to 15% for management and technical fees; and -   from 3.5% to 3% for payments under public procurement contracts. -   A 5% withholding tax is introduced on the importation or acquisition of goods for commercial purposes...