Taxes - Accounting

Ivory Coast

Nature of the tax: Value Added Tax
Tax rate: The base rate is 18%.
Reduced tax rate: The reduced rate is 11% for some operations. The following are exempt from VAT: basic foodstuffs, medical and pharmaceutical services, banking and insurance operations, some international trade operations, fertilizers, phytosanitary products, feed for livestock and farmyard animals.
Other consumption taxes: Special tax on alcoholic beverages and tobacco. For more information, consult the taxes on goods and services.

Tax on Industrial and Commercial Profits (BIC)	25% (standard rate)
Tax on Industrial and Commercial Profits (BIC) for a company with a turnover inferior to 1 million Francs CFA.	20%

Tax rate for foreign companies: 20% (deducted at source).
Capital gains taxation: The tax on capital gains is included in the corporate tax.
Main allowable deductions and tax credit: Non-prescribed tax advantages entitle companies to deductions. In addition, on account of VAT, acquisitions of goods and services allocated by agro-industrial companies are exempt from tax on wages and salaries.
Other corporate taxes: Capital duty, payroll tax, real property tax, stamp duty, transfer tax, business licence duty, social security contributions, insurance premiums levy. For further information, consult the Directorate General of Taxes of Côte d'Ivoire.

General Income Tax (IGR)

37.5%

Allowable deductions and tax credit: Expenses deductible from general income include life insurance premiums, loan interest, subsistence allowances paid to dependent parents or a spouse and the general income tax itself.
Special expatriate tax regime: There is no special expatriate tax regime.

Countries with whom a double taxation treaty have been signed: See the list of countries having a double taxation agreement with Ivory Coast.
Withholding taxes: Dividends: 10%/12%/18%, Interest: 18% (6/15/25%), Royalties: 20%.
Bilateral agreement: Ivory Coast and Tunisia are bound by a double taxation treaty: no

Signed	Ratified	Enforced

Pour aller plus loin dans vos recherches nous vous proposons de connaître les taxes locales connaître les taxes locales qui s'appliquent à votre produit.

Tax Authorities: Directorate General of Taxes; Directorate General of Customs; The Treasury
Other domestic resources: Doing Business - Ivory Coast

Tax year: The fiscal year begins on 1 January and ends on 31 December of the same year.
Accounting standards: The accounting system of the UEMOA (WAEMU) is in force in Côte d'Ivoire. For further information, consult Investir en Zone Franc (Investing in the Franc Zone).
Accounting regulation bodies: West African Accounting Council
Accounting reports: - At the end of each accounting year, the manager discloses the financial statement synthesis, in compliance with the Uniform Act regulations concerning the organization and harmonization of accountings.
-The manager establishes an annual report.
Publication requirements: - An annual report must be published.
- Any modification in the presentation of the financial statements synthesis must be indicated in the annual report and also in any auditor's report.
- The accounting documents.
Professional accountancy bodies: Association of Accountancy Bodies in West Africa
Certification and auditing: The control of accounts is realized by auditors. They are committed to certifying the consistency and honesty of the financial statements sythesis and to accompanying the certification with reservations or a refusal, specifying the reasons for this. You can contact an external auditor: Deloitte, Ernst & Young.
Accounting news: Les Afriques