{"id":487946,"date":"2026-01-28T21:10:49","date_gmt":"2026-01-28T21:10:49","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/01\/28\/senegal-senelec-imposes-a-1-tax-on-cash-payments\/"},"modified":"2026-01-28T21:10:55","modified_gmt":"2026-01-28T21:10:55","slug":"senegal-senelec-imposes-a-1-tax-on-cash-payments","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/01\/28\/senegal-senelec-imposes-a-1-tax-on-cash-payments\/","title":{"rendered":"Senegal: Senelec imposes a 1% tax on cash payments"},"content":{"rendered":"
<\/div>

Effective since October 4, 2025, the 1% tax on all cash payments had not been applied by the Senegalese National Electricity Company (Senelec), sparing its customers unlike other companies such as SenEau and Senegalaise des eaux.<\/p>\n

Indeed, since Wednesday, January 28, the Senegalese electricity giant has decided to implement this new tax. From now on, every electricity consumer will have to pay a stamp duty of 1% on their cash payments.<\/p>\n

This initiative is in line with the new fiscal policy adopted by the Senegalese authorities, aiming mainly to mobilize more funds. This new levy on cash payments comes at a time when the authorities had decided to reduce the cost of electricity by 10%, mainly affecting vulnerable households.<\/p>\n

“Replenishing the State’s coffers”<\/p>\n

According to some specialists, the new decision taken by the company is undoubtedly motivated by a lack of financial resources, exacerbated by the issue of Senegalese debt. This is in a country where the International Monetary Fund (IMF) is slow to provide a lifeline to the local economy, which is severely affected by an unprecedented crisis.<\/p>\n

Established in 1983, Senelec, with a capital of around 240 billion CFA francs, 90% owned by the State, has the main mission of producing, transporting, distributing, and selling electrical energy in Senegal.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Effective since October 4, 2025, the 1% tax on all cash payments had not been applied by the Senegalese National Electricity Company (Senelec), sparing its customers unlike other companies such as SenEau and Senegalaise des eaux. Indeed, since Wednesday, January 28, the Senegalese electricity giant has decided to implement this new tax. From now on,<\/p>\n","protected":false},"author":537202,"featured_media":487947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/01\/28\/senegal-la-senelec-applique-une-taxe-de-1-sur-les-paiements-en-espece\/","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12028],"tags":[],"class_list":["post-487946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-energy","pmpro-has-access"],"yoast_head":"\nSenegal: Senelec imposes a 1% tax on cash payments - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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