Mali Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Central Bank of West African States, Ministry of Economy and Finance of Mali, Taliban Sanctions Committee

Primary Legislation

December 2021: The BCEAO issued a directive (Circular N°0000000001/M/DG/2021) ex

Travel Rule

Not adopted

Tax Reporting

Individuals: Mali's CGI generally levies taxes on income derived from industrial, commercial, agricultural, and non-commercial activities, as well as salaries, property income, and certain capital gains.. For individuals, capital gains on the sale of movable assets (which crypto would likely be classified as) are generally not subject to a standalone capital gains tax for non-professional, occasional transactions. However, if an individual engages in frequent or professional crypto trading, the gains could be reclassified as income from commercial or industrial activities (Bénéfices Industriels et Commerciaux - BIC) and taxed at progressive individual income tax rates.. Businesses (Companies): If a company holds cryptocurrency as an asset and disposes of it at a gain, that gain would be considered part of the company's taxable profit and subject to the Corporate Income Tax (Impôt sur les Sociétés - IS).. Corporate Income Tax Rate: The standard corporate income tax rate in Mali is generally 30%.. Mining, Staking, Lending Rewards: Income derived from activities such as crypto mining, staking, or lending would likely be considered income from commercial or industrial activities (BIC) or potentially income from non-commercial activities (Bénéfices Non Commerciaux - BNC) if performed by an individual in a professional capacity.

Key Facts

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