Not a Latitax destination
Somalia
Low headline rates but a fragmented federal and state tax system and severe security risk; no UK treaty and no practical residence case.
Income tax, top rate
Unverified18%
Federal employment income bands 0/6/12/18% per secondary compilations; federal member states levy separately.
Source: Somalia Ministry of Finance - Income Tax Manual · checked 2026-09-29Capital gains
UnverifiedNot confirmed
Source: Somalia Ministry of Finance - Income Tax Manual · checked 2026-09-29Corporate
UnverifiedUp to 30%
Sources conflict: progressive up to 30% vs 15% of profit for large businesses. Not confirmed.
Source: Somalia Ministry of Finance - Income Tax Manual · checked 2026-09-29Inheritance
UnverifiedNone found
Source: Somalia Ministry of Finance - Income Tax Manual · checked 2026-09-29Wealth tax
UnverifiedNone found
Source: Somalia Ministry of Finance - Income Tax Manual · checked 2026-09-29VAT
Unverified5% sales tax
No VAT yet; a sales tax reported at 5%.
Source: Somalia Ministry of Finance - Income Tax Manual · checked 2026-09-29Looking for somewhere that works?
See the jurisdictions where a lawful move genuinely cuts tax.
See the right countries- s1Somalia Ministry of Finance - Income Tax Manualprimary · checked 2026-09-29
- s2GOV.UK - Tax treaties collectionprimary · checked 2026-09-29