Tax
From The Report: Cote d'Ivoire 2022
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In Côte d’Ivoire, the preparation of finance laws traditionally includes a consultation between the private sector and the tax administration. In this sense, there have been recent developments in the Finance Law 2022, which formalised the state budget for 2022. A tax annex was developed to support the economy and employment, provide a more balanced distribution of the tax burden, and strengthen the means of the state through improved tax mobilisation, governance and accountability. Thanks to the tax exemptions granted, more foreign investors may be able to invest in companies in strategic sectors and infrastructure projects with high growth potential, thus contributing to the modernisation of the economy.

This chapter contains a viewpoint from Éric N’guessan, Managing Partner, EY Côte d’Ivoire.

Articles from this Chapter

Overview

Special provisions: The major developments in the Finance Law 2022
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In Côte d’Ivoire, the preparation of finance laws traditionally includes a consultation between the private sector and the tax administration. This is an opportunity for companies to initiate tax reforms that could affect activities related to their industry. New Measures The Directorate General of Taxation (Direction Générale des Impôts, DGI) announced the tax annex to the Finance Law 2022 (Law No. 2021-899 of December 21, 2021), which formalised the state budget for 2022. This law and its…

Viewpoint

Sustainable reform: Éric N’guessan, Managing Partner, EY Côte d’Ivoire, on how new tax regulations can help achieve development targets
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Viewpoint:Éric N’guessan In recent years Côte d’Ivoire has been engaged in a structural reform of the tax and legal system, along with the dematerialisation of tax and Customs procedures. This digitisation of public services has gone far in reducing delays in the creation of new companies and promoting transparency in administrative procedures. Finance Law 2022 increased the tax credit rate applicable to the acquisition of patents and new manufacturing processes by 10 percentage points,…