Ivory Coast

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Corporate tax

Tax rate for resident companies

There is no specific taxation to companies. The industrial and commercial profits tax rate applying to individual companies and companies is respectively 25% and 35%.

Tax rate on long-term capital gains The tax on capital gains is included in the corporate tax.
System governing groups of companies and dividends paid by subsidiaries to their parent companies Dividends are subjected to withholding tax at a maximum rate of 18%. The rate may be reduced to 10% or 12%.
The net dividends received by parent companies from their subsidiaries are exempted to corporate income tax except for a share equal to 5% of net benefit.
Tax rate on branches Profits realized in Ivory Cost by subsidiaries of foreign companies are deemed to be distributed and therefore are subject to a branch withholding tax on one-half of the before-tax profit at a rate of 12% (18% if the profit is exempt from corporate tax).

Income tax

Fiscal year The fiscal year begins on January 1st and ends on December 31st of the same year.
Income tax rate The tax scale change from 0 to 60% according to wage bracket.

VAT rates

Standard rates The base rate is 20%.
Reduced rates The reduced rate is 11% for some operations.
Exemptions include some basic foodstuffs, electricity and water, medical and pharmaceutical services, banking operations, operations of insurance, some operations of trading income, manure, plant health products, and food for the cattle and animals of farmyard.

Other important taxes

Name of tax
Tax on provisions of service (TPS)  
Turnover tax on services rendered by banks : 10% for some services.  



In Africa, there is an uniform act for the Harmonization of the Corporate Law.
This treaty is opened to any State member of the African Unity Organization.
Ivory Coast is member of the AUO and subjected to standards.

General accounting principles
- At the end of each accounting year, the manager discloses the financial statement synthesis, in compliance with the uniform Act regulations concerning the organization and harmonization of accountings.
-The leader must set up a management report.

Obligations and publications
- An annual report must be published.
- Any modification in the presentation of the financial statements synthesis must be indicated in the annual report and, if possible in the report of the auditor.
- The accounting documents.

Certification and auditing
The control of accounts is realized by auditors.

Useful links
Directorate General of Taxes (website in french)
Directorate General of Customs (website in french)

Last modified in January 2007
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