Costa d'Ivori flag Costa d'Ivori: Entorn econòmic

Impostos a la Costa d'Ivori

Tax Rates

Consumption Taxes

Nature of the Tax
Value Added Tax (VAT) - Taxe sur la Valeur Ajoutée (TVA)
Tax Rate
18%
Reduced Tax Rate
The following items are exempt from VAT: services rendered as not-for-profit by associations of educational sport, tourism, education and popular culture; book sales and book-making work; sales of newspapers and periodicals; sales of medicines and pharmaceuticals, as well as materials and petrochemicals; sales of natural food products for consumption in IC; teaching activity excluding incidental operations such as sales of goods, housing supplies and food in boarding schools; sales of bread, cereal flours and cereals for the manufacture of these flours; fish freezing operations.

Exports of goods and services are zero-rated.

A reduced rate of 9% applies to 100% durum semolina-based pasta, milk, petroleum products and equipment for the production of solar energy.

Other Consumption Taxes
Excise duties apply on cigarette imports, alcoholic or non-alcoholic beverages, and oil products. As of 2020, an excise duty of 10% applies to tourism vehicles with at least 13 horsepower. From 2021, perfume and cosmetic products are also subject to excise duties (from 10% to 50%).
 
Find out more about Taxes and Accounting in the Ivory Coast on GlobalTrade.net, the Directory for International Trade Service Providers.
 

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Corporate Taxes

Company Tax
25% (standard rate)
Tax Rate For Foreign Companies
Non-resident companies with a permanent establishment are subject to the same tax rates as resident firms but only on their local income. Non-resident companies without PE are subject to a withholding tax of 20% on their local income.
Capital Gains Taxation
Capital gains are included in taxable income and taxed at the standard corporate tax rate. In certain cases, the tax can be deferred if the gain is reinvested within three years.
Main Allowable Deductions and Tax Credits
Amortisation of tangible and intangible assets is tax-deductible at rates ranging from 5% to 50%. Depreciation rates may be doubles for new plants and equipment in the first year of use. Goodwill from the transfer of assets is included in taxable profit but positive goodwill may be deducted if the taxpayer agrees to reinvest the amount during the three years succeeding these gains. Start-up costs must be amortised over a period of two to five years.
Interest charges may be deducted if the interest in question is of a loan the amount of which does not exceed the capital of the company. Interest expense cannot exceed 30% of the company's earnings before interest, taxes, depreciation and amortisation.
Bad debts are generally deductible. Donations to charitable organisations in the field of sport and health are deductible, same as for those made to fight the COVID-19 pandemic. Fines and penalties are not deductible. Taxes are generally deductible (with the exception of withholding taxes).
Tax losses can be carried forward up to five years. The carryback of losses is not permitted. Royalties, interest, and management and service fees paid to foreign parent companies are tax-deductible, capped at 5% of the turnover and 20% of the overhead.
Other Corporate Taxes
The property tax varies from 1.5% to 15% depending on the use of the land. Property transfer taxes are 4% (sales) or 10% (lease transfer or business transfers). Stamp duties vary based on the deed and are also levied on the purchase of vehicles or pleasure boats.

The payroll tax is 2.8% for local employees, 12% for expatriate employees.
Social contributions payable by the employer are as follows: 5.75% of the salary for the Family Allowance Fund, between 2% and 5% for the industrial accident insurance, 7.7% for the pension fund. Family allowance and work injury are capped at XOF 70,000 per month each, whereas a ceiling of XOF 2,700,000 applies to the retirement pension.

All taxpayers pay a special tax (special equipment tax) equivalent to 0.1% of their turnover for the equipment and investment needs of the Directorate General for Taxation. This tax was due to be abolished by 31 December 2019; however, since 2020 financial law it became a permanent tax.

Business franchise tax, payable by all companies, is composed of a duty on the turnover and a duty on the rental value. The first contribution is 0.5% of turnover and is capped at XOF 3 million (minimum XOF 300,000). The second contribution is 18.5% of the rental value of the business premises.

A cumulative 10% tax applies to money transfer transactions handled by banks. The 18% VAT applies to transactions managed by other types of financial institutions.
Capital duty ranges from 0.1% to 0.3%. The capital increase is taxed at 6%.
Insurance premiums are taxed at rates ranging from 0.1% (export credit) to 25% (fire) depending on the nature of the contract.

A special tax of 5% is levied on the turnover of telecommunication and communication companies. The tax was extended to mobile money transfers in 2019. The services provided by telecommunication companies are subject to a special tax of 3%.

Rental income is subject to a 300% surtax if its amount exceeds the two-month guarantee and one-month upfront payment at the beginning of the lease.

Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Ivory Coast Sub-Saharan Africa United States Germany
Number of Payments of Taxes per Year 25.0 36.6 10.6 9.0
Time Taken For Administrative Formalities (Hours) 187.0 284.8 175.0 218.0
Total Share of Taxes (% of Profit) 50.1 47.3 36.6 48.8

Source: Doing Business, Latest available data.

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Individual Taxes

Tax Rate

Salary Tax (IS) 1.5% (applies to 80% of gross income, withheld by employers)
National contribution (CN) applies to 80% of gross income - rates from 0% to 10%
From XOF 0 to XOF 600,000 0%
From XOF 600,000 to XOF 1,560,000 1.5%
From XOF 1,560,000 to XOF 2,400,000 5%
Above XOF 2,400,000 10%
General Income Tax (IGR) Progressive rate from 15% to 60% (calculated in relation to the national contribution and the number of dependent ratios or "parts" - includes a 15% deduction)
Taxable base T = (Gross Income x 80% - (IS + CN)) x 85%
From XOF 0 to XOF 300,000 0%
From XOF 300,001 to XOF 547,000 10%
From XOF 547,001 to XOF 979,000 15%
From XOF 979,001 to XOF 1,519,000 20%
From  XOF 1,519,001 to XOF 2,644,000 25%
From XOF 2,644,001 to XOF 4,669,000 35%
From  XOF 4,669,001 to XOF 10,106,000 45%
Over XOF 10,106,000 60%
Allowable Deductions and Tax Credits
A standard 20% deduction applies to gross taxable income and usually covers all items of non-business expenses. A standard 15% deduction applies to business expenditure, including travel and representation costs (applied to the adjusted gross income, derived by first calculating the 20% standard deduction and deducting IS and CN). Other expenses deductible from general income include life subsistence allowances paid to dependent parents or a spouse (with ratios or "parts" increased based on the number of dependents).
Special Expatriate Tax Regime
Resident individuals are taxed on their worldwide income, whereas non-residents are only taxed on their locally-sourced income. There is no special expatriate tax regime.

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed
See the list of countries that have signed a double taxation agreement with Ivory Coast
Withholding Taxes
Dividends: 10% (paid by a listed company)/15% Interest: 5% (long-term government bonds)/10% (short-term government bonds)/18% ; Royalties: 0 (residents)/20% (non-residents).
Bilateral Agreement
Ivory Coast and Spain are not bound by a Double Taxation Agreement.

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Find out more about Taxes and Accounting in the Ivory Coast on GlobalTrade.net, the Directory for International Trade Service Providers.

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Actualitzacions: April 2022

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