There is a government-mandated tax on cash pickup transfers sent from or received in Senegal. 

This tax was introduced under Law No. 17/2025, adopted by Senegal’s Parliament, which updates the country’s General Tax Code to include taxes on money transfers and digital financial transactions.

The law came into effect on December 18, 2025 and applies to all eligible cash pickup transfers sent from or to Senegal.
 

How does the transfer tax work?

The tax depends on whether the transfer is outbound (sent from Senegal) or inbound (received in Senegal).

Outbound transfers (sent from Senegal)

• Tax rate: 0.5% of the transfer amount

• Maximum tax: 2,000 FCFA

Inbound transfers (received in Senegal)

• 0 – 20,000 FCFA: No tax

• From 20,001 FCFA per day:

  • Tax rate: 0.5% of the amount sent

  • Maximum tax: 2,000 FCFA

Note: This government-mandated tax only applies to cash pickup transfers and does not apply to bank deposits or mobile wallet transfers.