Somalia Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Key Regulator(s)

List The National Anti-Money Laundering Committee, Central Bank of Somalia Mobile Money Regulation, Director-General of National Intelligence and Security Agency

Primary Legislation

While the CBS website is the official source for financial regulation in Somalia

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

The Somalia Revenue Directorate, under the Ministry of Finance, is the principal tax administration body, headed by a Director General who oversees the Customs Department and Inland Revenue Department Home | Somalia Revenue Directorate. The Customs Department under the Ministry of Finance collects import duty, import sales tax, export duty, and import excise, and serves as the first control point for all import-related issues Somalia - Customs Regulations. Corporate Income Tax (CIT) was enacted under Income Tax Law No. 37 in 2025, levied on business profits annually across sectors including General Business, Industrial, Agriculture, Provisions, Seasonal Business, and Services Direct Tax | Somalia Revenue Directorate. House Income Tax was issued by Law No. 5, 1966, imposed on anyone who receives profit from a house or land Direct Tax | Somalia Revenue Directorate. The Payroll Income Tax was enacted under Income Tax Law No. 37 of 2025 (based on Article 90), obligatory for anyone receiving income from employment within the country Direct Tax | Somalia Revenue Directorate

Key Facts

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