The Gambia has introduced various tax changes as part of the Budget for 2024, which include the following:

• New return-related penalties, including:
  • failure to file an annual corporate income tax return: penalty equal to 1% of revenue, with a minimum penalty of GMD 10,000 and a maximum of GMD 250,000 (late payment also subject to interest charges);
  • failure to file an annual personal tax return…