Taxation in Côte d'Ivoire
Eric N’Guessan, Managing Partner, EY Côte d’Ivoire: Viewpoint
Many Ivorian taxpayers believe that the progress made by their tax administration is noticeable. The situation has improved in recent years, in particular because the implementation of e-government practices has become a key area of interest for Ivorian authorities. The aim is to ensure that all administrative procedures are able to be conducted online by 2022.
Sector Overview and Analysis
The 2020 budget adopted by the National Assembly of Côte d’Ivoire earmarks roughly CFA8trn ($13.8bn), representing an increase of 9.9% compared to the 2019 budget of CFA7.3trn ($12.5bn). According to government forecasts, this figure will remain steady at CFA8trn ($13.8bn) in 2021 and reach CFA9trn ($15.5bn) in 2022.
The purpose of this article is to specify the tax regime applicable in each of the situations outlined below.
Corporate restructuring operations are becoming more frequent. This generally involves the partial or total transfer of the corporate rights that constitute the capital of a company established in Côte d’Ivoire.