Flat rate
1.5%
minimum tax USD 38
Duration
—
Prior non-residency
—
required before applying
Standard top income tax
18.0%
Somalia, without the regime
Overview
- Regime
- Presumptive Tax Regime (PTR)
- Country
- Somalia
- Type
- Flat rate
- Status
- Active
- Effective from
- May 11, 2025
- Expires on
- —
Details
- Summary
- Simplified quarterly turnover tax for eligible resident individuals with Somalia-source business income.
- Eligibility
- Resident natural persons with rolling three-year average business turnover not exceeding USD 50,000, Somalia-source income only, not a partnership partner, and not on the excluded professional or property-leasing lists.
- Benefits
- Quarterly payment of the higher of USD 37.50 or 1.5% of quarterly turnover instead of full profit-based PIT record-keeping.
- Requirements
- Cash-basis turnover reporting; Revenue Directorate may refuse or deregister taxpayers who can maintain full accounts.
- Limitations
- Not available to corporations, partnerships, or turnover above the USD 50,000 threshold; professionals listed in the manual are excluded.
- Income types covered
- Service fees, trading stock proceeds, and investment income effectively connected with the business
View source MoF Income Tax Manual 2025