Tax & Accountancy
From The Report: Cote d'Ivoire 2020
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In conjunction with EY, this chapter explores the taxation system and Côte d’Ivoire’s efforts to build an investor-friendly environment. It also contains an interview with Eric N’Guessan, Managing Partner, EY Côte d’Ivoire.

Articles from this Chapter

Overview

Strategic measures: The authorities introduce tax incentives in line with broader national economic development plans
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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. Tax Revenue Tax revenue in 2020 is expected to total CFA3trn ($5.2bn), up CFA381.8bn ($656.3m), or 10.7%, compared to the estimate made at the end of 2019. This breaks down…

Analysis

Navigating treaties: A guide for Ivorian companies and banks on loans contracted from foreign banking institutions
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The purpose of this article is to specify the tax regime applicable in each of the situations outlined below. Ivorian Companies The following articles apply to loans contracted by Ivorian firms from foreign banks. RIT: Interest on loans paid by an Ivorian firm to a foreign bank is in principle subject to withholding tax under the receivable income tax (RIT) at the ordinary rate of 18% in Côte d’Ivoire. The application of the above rate, however, depends on the existence or not of a…

Viewpoint

Closing the gap: Eric N’Guessan, Managing Partner, EY Côte d’Ivoire, on the advantages of growing levels of digitalisation
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Viewpoint:Eric N’Guessan 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. Considering the financing requirements for the implementation of development programmes and the increase…