Gambia MOF Presents 2026 Budget Speech

The Gambian Ministry of Finance and Economic Affairs Dec. 5, 2025, presented the 2026 budget speech. The speech includes measures to: 1) introduce an electronic invoicing system for VAT and other taxes; 2) develop a framework for enforcing withholding tax on direct payments to nonresident contractors and consultants; 3) require all Special Investment Certificate (SIC) and Export Processing Zone License (EPZL) holders to file quarterly and annual tax returns with the Revenue Authority, with noncompliance resulting in suspension of incentives; 4) require that a payroll schedule accompany payment of pay-as-you-earn (PAYE); 5) introduce a carbon-based excise duty on fuel products, ...