Mali

{"ftc_utility":"high","fbar_trigger_notes":"Expats banking locally in Mali through institutions such as BDM-SA or BNDA who hold account balances exceeding $10,000 in aggregate at any point in the calendar year must file FinCEN 114 (FBAR). Mali's banking sector is limited and account access can be restricted during periods of civil unrest.","ftc_utility_reason":"Mali taxes resident individuals on worldwide income at progressive rates up to 30%. US expats earning Malian-source income and paying Malian income tax can claim the Foreign Tax Credit against their US federal tax liability. Because no US-Mali tax treaty exists, the FTC is the primary mechanism for avoiding double taxation. Given top rates of 30%, FTC can substantially offset or eliminate US tax due on Malian-sourced income.","presence_day_count_notes":"Mali does not issue long-term standardized expat visas with strict day-count conditions analogous to Schengen rules. However, the security environment (US State Department Level 4 - Do Not Travel advisory) makes sustained physical presence of 330 days in a 12-month period practically difficult. Americans present in Mali should track departure days carefully, particularly given intermittent security evacuations.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":15000,"local_tax_rate_on_earned_income":0.3,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Mali tax residents is included in taxable income subject to the progressive income tax schedule. Top marginal rate is 30%. No special pension exemption exists for foreign-source pensions.","tax_rate":0.3,"locally_taxed":true},"social_security":{"notes":"No US-Mali totalization or income tax treaty covers US Social Security benefits. Benefits received by a Mali resident are potentially taxable as foreign pension income under Malian law. In practice, enforcement is uncertain given Mali's limited tax administration capacity.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No US-Mali tax treaty exists. Roth IRA distributions are not recognized as tax-free by Malian law. Amounts received may be treated as income and taxed under the progressive schedule, though the basis portion may not be taxable if the taxpayer can demonstrate prior taxation. Practical enforcement for foreign pension accounts is limited.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"The United States and Mali do not have a bilateral income tax treaty. US 401(k) and IRA distributions received by a Mali tax resident are treated as foreign-source pension or income and are subject to Malian income tax at progressive rates up to 30%. No treaty exemption or reduced rate is available.","tax_rate":0.3,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.3,"notes":"Mali does not maintain a separate capital gains tax regime. Gains realized by individuals are generally taxed as ordinary income under the progressive personal income tax schedule, with the top marginal rate of 30%.","details":{"tax_type":"Capital Gains Tax","country_name":"Mali","country_iso_code":"MLI","source_references":["Mali General Tax Code (Code General des Impots)","KPMG Africa Tax Guide","Deloitte International Tax Source"],"last_verified_date":"2026-06-03","general_description":"Capital gains in Mali are not subject to a standalone tax. Gains are folded into taxable income and taxed under the standard progressive income tax brackets. The top rate is 30%. For corporate entities, gains on disposal of assets are included in taxable profits subject to the corporate income tax rate of 30%.","corporate_capital_gains":{"rate":0.3,"tax_treatment":"Included in ordinary corporate taxable income; taxed at standard corporate income tax rate of 30%."},"individual_capital_gains":{"rate":0.3,"tax_treatment":"No separate CGT regime. Gains included in personal income and taxed at progressive rates up to 30%."}}}

{"notes":"Dividends paid by Malian companies to resident and non-resident individuals are subject to withholding tax. The standard withholding rate on dividends is 10% for residents and 15% for non-residents. These rates apply under Mali's General Tax Code; treaty rates may reduce non-resident withholding in applicable cases.","rates":[{"rate":0.1,"type":"withholding","notes":"Standard rate for resident individual shareholders."},{"rate":0.15,"type":"withholding","notes":"Standard rate for non-resident shareholders, subject to applicable tax treaty reductions."}]}