Gambia

{"ftc_utility":"low","fbar_trigger_notes":"US expats banking locally at accounts such as those held at Trust Bank, GTBank Gambia, or Ecobank Gambia must report via FBAR if aggregate foreign account balances exceed $10,000 at any point in the year. Local banking is standard for day-to-day living and most expats will cross this threshold.","ftc_utility_reason":"Gambia's effective tax rates on employment income are generally low to moderate, and at income levels typical of US expats the marginal rate is 20-25%, which is below the US marginal rate for most filers. The FEIE tends to be the preferred mechanism. FTC provides limited shelter because Gambian taxes paid are unlikely to fully offset US liability on the same income at higher US bracket rates, and administrative capacity for verifying foreign tax credits in Gambia is limited.","presence_day_count_notes":"The Gambia does not impose rigid visa-based day limits on most nationalities for extended stays, though long-term residence typically requires a residence permit. US citizens working in Gambia generally obtain work or residence permits. Permit requirements do not structurally prevent meeting the 330-day physical presence test, but travel for medical care or emergencies to neighboring countries should be tracked carefully.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":10000,"local_tax_rate_on_earned_income":0.2,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Gambian tax residents is included in assessable income and taxed at progressive rates up to 30%. No specific pension income exemption or reduced rate is published. Domestic SSHFC (Social Security and Housing Finance Corporation) pension payments are treated as taxable income under local rules.","tax_rate":null,"locally_taxed":true},"social_security":{"notes":"No US-Gambia tax treaty exists. US Social Security received by a Gambian resident is treated as foreign income and is technically subject to Gambian progressive income tax. Practical enforcement is low given limited information exchange, but no legal exemption applies.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No treaty exists to exempt Roth distributions. Roth distributions would likely be treated as foreign-source income and could be subject to Gambian income tax if the recipient is a tax resident, though the principal return-of-contribution element may not constitute taxable income under local interpretation. In practice, enforcement of tax on foreign pension distributions is limited.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"The Gambia and the US do not have a bilateral tax treaty. US-sourced 401k and IRA distributions received by a Gambian tax resident are treated as foreign-source income. Gambia taxes residents on worldwide income, so distributions would be included in taxable income and subject to progressive rates up to 30%. Rate depends on total income level.","tax_rate":null,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.3,"notes":"Gambia does not have a standalone capital gains tax. Gains from disposal of assets are generally treated as ordinary income and taxed at progressive rates up to 30% for individuals.","details":{"tax_type":"Capital Gains Tax","country_name":"Gambia","country_iso_code":"GMB","source_references":["Gambia Revenue Authority - Income and Value Added Tax Act","KPMG Africa Tax Guide","Deloitte International Tax Highlights"],"last_verified_date":"2026-06-03","general_description":"The Gambia taxes capital gains as ordinary income under the Income and Value Added Tax Act. There is no separate capital gains tax regime. Gains are folded into total income and taxed at the applicable progressive personal income tax rate, which reaches 30% at the top bracket. Certain property disposals may be subject to withholding at source.","corporate_capital_gains":{"rate":0.31,"tax_treatment":"Corporate capital gains are included in taxable income and taxed at the standard corporate income tax rate of 31%."},"individual_capital_gains":{"rate":0.3,"tax_treatment":"Individual capital gains are taxed as ordinary income at progressive rates up to 30%. No preferential rate or annual exemption threshold is well-established in published guidance."}}}

{"notes":"Dividends paid by Gambian companies are subject to withholding tax at 15% for both residents and non-residents. This withholding is generally treated as a final tax on dividend income for individuals. The Gambia has no broad dividend imputation or credit system.","rates":[{"rate":0.15,"type":"withholding","notes":"15% WHT on dividends paid to resident and non-resident individuals; treated as final tax for individuals."}]}