Gambia | Budget Speech 2025 - Proposed change to the Income Tax threshold
The Minister of Finance and Economic Affairs, Honourable Seedy K.M.
Keita, presented the 2025 National Budget during the National Assembly on 13
December 2024.
During the budget speech, it was proposed to revise the tax-free
threshold for personal income tax upwards, from D24,000 per annum to D36,000
per annum, as outlined below:
|
Annual Income Bracket
|
Tax Rates
|
|
0 – 36 000
|
0%
|
|
36 001 – 46 000
|
5%
|
|
46 001 – 56 000
|
10%
|
|
56 001 – 66 000
|
15%
|
|
66 001 – 76 000
|
20%
|
|
Above 76 000
|
25%
|
At present, the proposed amendments and their effective date have not
been promulgated. We will keep you informed as soon as these amendments are
enacted.
To access the full 2025 Budget Speech, click here.
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