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Analysis

Cote d'Ivoire's education sector takes new measures to strengthen human capital
OBG
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With its sights set on achieving emerging nation status by 2020, Côte d’Ivoire is looking to strengthen its technical and vocational training capacity to better respond to its evolving labour market needs. A reform introduced in 2012 at the technical and vocational training level has allowed for progress in a number of areas. Among other things, new measures enabled the establishment of important…

Analysis

Infrastructure investment boosts health care access in Cote d'Ivoire
OBG
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Health infrastructure in Côte d’Ivoire remains weak and unevenly distributed as a result of insufficient investment and the damage borne throughout a decade of conflict. This has had a negative impact on access to health services, making it difficult for health care agents to adequately satisfy the population’s needs. Boosting investment in health infrastructure is a key step to overcoming this…

Analysis

Investment in local pharmaceuticals helps meet demand and improve quality in Cote d'Ivoire's health sector
OBG
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Côte d’Ivoire is a member of the West African Pharmaceutical Manufacturers Association (WAPMA), comprising ECOWAS and EMOA member states that total 15 countries and a population of about 340m people. The country stands with Senegal today at the forefront of pharmaceuticals production in the French-speaking West African world, while Ghana and Nigeria represent the pharmaceuticals production powerhouses…

Analysis

Guide for procedures regarding acquisitions in Cote d'Ivoire
OBG
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Companies that take over firms in difficulty are temporarily exempt from taxes on income, under industrial and commercial profits. The Investment Law does not supersede this exemption. Conditions Relative to the legal forms of the takeover, it may consist of a total or partial acquisition of intangible business assets, a merger or acquisition of a line of business – which is necessarily the case…

Analysis

Transfer pricing and strategic commodities industry in Cote d'Ivoire
OBG
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For nearly 20 years, transfer pricing has been subject to a lot of debate, with the Ivorian authorities seeing it as a capital flight technique. When multinational firms seek to fix a fee for their value of exchange within their group, there is the question a possible tax adjustment. This preoccupation is at the heart of the debate for several reasons, including the escalating number of controls and…

Analysis

Investors should be aware of timeline for taxes and fees in Cote d'Ivoire
OBG
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The payment of taxes on wages, salaries, debt, withholding tax, value-added tax (VAT) and other taxes on turnover are due on either the 10th, 15th or 20th of each month for companies dependent on the Directorate of Large Enterprises or the Centre for Medium-sized Enterprises. The schedules are below. Bic Tax & Imf The deadlines for payment of income tax on industrial and commercial profits –…

Analysis

Breakdown of main levies and fees in Cote d'Ivoire's tax regime
OBG
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All profits made by natural or legal persons while performing commercial, industrial or agricultural activities are subject to a tax rate of 25%. Professional profits generally, tasks and functions for which policyholders do not have a commercial capacity, and profits from all activities and sources that do not fall under any other revenue category are subject to a 25% tax. There is a contractual…

Analysis

New training opportunities in Cote d'Ivoire hold tourism to higher standards and enhance sector's offering
OBG
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Côte d’Ivoire has been on a gradual recovery following a decade of political instability and the attack at Grand-Bassam in March 2016. While both situations drove out businesses and tourists alike, the country is taking steps to ensure the now burgeoning sector is supported as travellers return. According to the World Travel and Tourism Council (WTTC), in 2015 tourism accounted for CFA836.8bn (€1.25bn),…

Overview

Cote d'Ivoire puts recent years of unrest behind it
OBG
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Ethnically, linguistically and religiously diverse, Côte d’Ivoire is a West African nation with a rich culture. Once one of the continent’s leading economic powerhouses, the country was afflicted by civil war for much of the past 10 years. However, peace has largely prevailed since April 2011, and the nation is now looking to reclaim its former glory. Geography Côte d’Ivoire is 322,463 sq…

Overview

Cote d'Ivoire's sustained rapid growth bucks regional economic trend
OBG
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Progress on several major infrastructure projects helped sustain Côte d’Ivoire’s sixth consecutive year of solid economic growth in 2016. Works planned under the 2016-20 National Development Plan (Plan National de Développement, PND) – announced by President Alassane Dramane Ouattara following his re-election in late 2015 – will be a key driver of growth and are set to play a pivotal part…