Extensive fiscal measures have been in put in place across the GCC, with a view to offsetting the impact of the coronavirus on individuals, businesses and the broader economy. Measures have primarily been aimed at stimulating economic activity in the private sector and supporting entities that are struggling to manage their cashflows and tax compliance.
Interviews & Viewpoints | Eric N’Guessan, Managing Partner, EY Côte d’Ivoire: Viewpoint from The Report: Cote d'Ivoire 2020
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...
Articles & Analysis | Tax guide for contracting foreign loans in Côte d'Ivoire from The Report: Cote d'Ivoire 2020
The purpose of this article is to specify the tax regime applicable in each of the situations outlined below.
Articles & Analysis | Côte d'Ivoire introduces new tax incentives from The Report: Cote d'Ivoire 2020
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.
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.
Côte d’Ivoire is an economic powerhouse in West Africa, posting average growth of 8% between 2011 and 2018. However, the rate of GDP growth in real terms fell to 6.7% in 2019 and is expected to contract to 2.7% in 2020 due to the Covid-19 pandemic and subsequent widespread shutdowns. Looking to the future, the IMF expects growth to rebound to 8.7% in 2021, highlighting the country’s economic resilience.