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South Sudan

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About

South Sudan

Capital
Official languages
Population 
Currency

ISO 4217

Juba

English, Arabic, Dinka, Nuer, Bari, Zande, Shilluk, and more.

12,040,000 (2020 estimate)

South Sudanese Pound

SSP

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Economy

South Sudan's economy has been struggling in recent years due to civil war and political instability. According to the World Bank, the country's GDP per capita was estimated to be $1,092 in 2019, a decrease of 4.3% from 2018. The unemployment rate in South Sudan is estimated to be around 60%, with youth unemployment estimated to be even higher. Inflation has been a major issue, with the inflation rate reaching a peak of over 100% in 2018. The country's public debt is estimated to be around $3.5 billion, with external debt estimated to be around $2.2 billion. The country's main sources of income are oil, agriculture, and remittances from abroad. Oil accounts for around 90% of the country's exports, while agriculture accounts for around 10%. Remittances from abroad are estimated to be around $1.2 billion. Despite these challenges, the government is working to improve the economy and attract foreign investment.

Taxation

South Sudan is a country located in East-Central Africa. Here is a brief overview of the taxation system in South Sudan:


Corporate Taxation in South Sudan:

- Corporate tax rate is 15%

- Capital gains are taxed as normal income at the corporate tax rate


Personal Taxation in South Sudan:

- Personal income tax rates range from 0% to 25%, depending on income level


Tax Payment and Calendar:

- The tax year in South Sudan runs from January 1 to December 31.

- Tax returns must be filed by March 31 of the year following the tax year.

- Corporate income tax payments are due quarterly, on the 15th day of the month following the end of each quarter.

- Individual income tax payments are made on a monthly basis through employer withholdings, but self-employed individuals may need to make additional payments on an estimated basis.


Taxpayers in South Sudan are required to keep detailed records of their income and expenses, and may be subject to audits by the tax authorities. Failure to comply with tax laws can result in penalties and fines.


South Sudan is a relatively new country and its tax system is still evolving. As such, it is recommended to consult with a tax professional for personalized advice on tax matters in South Sudan. Additionally, tax incentives and exemptions may be available for businesses operating in certain sectors, such as agriculture or manufacturing, so it is important to research the specific requirements and regulations for each industry.

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