Tax
Code général des impôts 2019 with 16% VAT and iron ore and fisheries revenue
VAT is 16% and corporate tax is 25%. Mauritania is outside WAEMU and uses the ouguiya, so it sets rates independently. Iron ore through SNIM, fisheries licensing and the offshore Grand Tortue gas project dominate revenue.
Key rules
- Jurisdiction — Direction Générale des Impôts assesses; appeals lie to the administrative chamber of the Cour suprême.
- Deadline — Corporate return: 31 March
- Deadline — VAT: monthly, by the deadline in the Code général des impôts
Governing law
- Loi n° 2019-018 portant Code général des impôts
- Loi n° 2015-018 portant Code des pêches
- Loi n° 2010-033 portant Code minieras amended
In practice
Fisheries access agreements, principally with the European Union, are a distinctive and substantial revenue line, paid partly as licence fees for access to one of the world's richest fishing grounds. The Grand Tortue Ahmeyim gas field, shared with Senegal, is governed by an inter-state cooperation agreement that allocates revenue between the two states — an unusual cross-border unitisation arrangement.