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Home Experts El Hadji Sidy Diop

El Hadji Sidy Diop

Managing Partner & CEO


Specialization

Sidy Diop is a chartered tax Expert registered before the national Chattered Tax Expert Association (ONES), temporary member of the West African Union of Tax Institutes (WAUTI). He holds a Master in Business Law with Tax and Import-Export as option and a Postgraduate degree in business law, banking option.

He has 30 years of professional experience including 26 years of practice in tax and legal firms. Over the past 30 years, he has developed a strong background in research, audit, consulting and assistance in legal and tax fields.

He has a deep knowledge and is highly experienced in legal and tax fields: environment and mechanisms mainly in banking, insurance and finance sectors for being tax consultant for banks and financial institutions (CITIGROUP, Société Générale Sénégal, BNP Sénégal (BICIS) Banque Régionale de Marchés, Banque Atlantique, Banque Islamique, Banque Sahelo Saharienne pour l’Industrie et le Commerce, Baobab (former Microcred), Alliance pour le Crédit et l’Epargne (ACEP), Pamecas, Crédit Mutuel du Sénégal, St Louis finances etc ....), Insurance sector (AXA, SAHAM (former COLINA), AMSA, UASEN VIE) and Oil,  Gaz, mining, and Energy sectors (SHELL, TOTAL, Société Africaine de Raffinage, SENELEC, GTI, FORTESA, OROMIN, Companies operating or intervening in the Senegalese and Mauritanian Gaz Project of Grand Tortue Ahmeyim/GTA)

He has also carried out Tax studies in the WAEMU zone for GIM-UEMOA (former Interbank Electronic Payment Processing Center), ECOWAS and the Central Bank of WAEMU countries (BCEAO).

He carried out studies for the World bank (Senegalese office) in Senegal and Gabon.

Sidy is a tax consultant at ECOWAS for French and Portuguese speaking countries.

Areas of Expertise
Banking and financing sector
Insurance sector
Oil, water, mining and power sector
Industrial & trade sector
Public sector
ECOWAS Consultant
Education
Postgraduate Diploma in Business Law and Banking
Masters degree in Legal Sciences: Tax and Import-export
Project Management training in France and several other practical training courses in Europe (France, the Netherlands and Turkey)
Institut Supérieur de Management de Dakar: Finance and scholarship courses
Temporary member of the West African Union of Tax Institues (WAUTI)
Languages
English, French
Professional Experience
Since January 2012 : Managing Partner and CEO of FACE Africa legal & tax firm
From 2006 to December 2011 : Head of the Legal and Tax Department at Mazars Senegal
From 2002 to 2006: Tax and legal Manager at Ernst & Young Dakar, Senegal
From 1998 to 2002: Head of the Tax Department at SENELEC (the national electricity company)
From 1990 to 1997: Supervisor and then Senior at Coopers & Lybrand firm in Senegal
FACE Africa Juridique et Fiscal
El Hadji Sidy Diop
Managing Partner & CEO
Legal Adviser and Chartered Tax Expert
Senegal
2 Place de l’Indépendance, 4th floor, SDIH Building, Dakar, Sénégal
BP 17015 Dakar Liberté
+221 33 869 91 66
Authoring and contributions by El Hadji Sidy Diop

Since 2018, the Senegalese government has instituted reporting and documentary obligations in Transfer Pricing in accordance with the OECD BEPS actions 8-10, 12 and 13. However, it must be recognized that Transfer Pricing tax litigation is not yet abundant in Senegal, even though the regulatory framework is constantly being strengthened as a result of the various tax reforms that have already been discussed in previous issues of this newsletter.

Senegal: Transfer Pricing: Systematizing the Control of Reporting Obligations
Read more

More than 5 years after the signature of the Multilateral Instrument (MLI) on June 7, 2017, Senegal deposited its instrument of ratification of the Multilateral Convention on May 10, 2022.

Senegal: After joining the Multilateral Convention, a Step forward in the Fight against Tax Evasion & Avoidance
Read more

According to Decree No. 2021-928 of 8 July 2021, which established PROMAD, the basis for this levy is the customs value of eligible goods.

Senegal: The recent customs reforms of 20 December 2021
Read more

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