Ivory Coast (Côte d'Ivoire)

Corporate - Taxes on corporate income

Taxable corporate income in Ivory Coast (Côte d’Ivoire) is based on worldwide income for resident companies (for exceptions, see Foreign income in the Income determination section).

Tax on industrial and commercial profits in Côte d’Ivoire is levied at 25%, subject to a minimum tax. The rate is 30% for companies in the telecommunication, information technology, and communication sectors.

Non-resident entities are subject to withholding tax (WHT) at 20%, subject to existing double tax treaties (DTTs), on their Côte d’Ivoire source income when they do not have a permanent establishment (PE). Non-residents with a PE are taxed in the same way as a resident.

Minimum tax

The minimum tax is based on total turnover and is calculated at the rate of 0.5%, with a minimum tax of 3 million Communauté financière d'Afrique (Financial Community of Africa or CFA) francs (XOF) and a maximum tax of XOF 35 million.

The FY20 Financial Law has suspended the payment of the minimum tax, for a transitional period, until the end of the year. However, this suspension has been ended since the FY21 Financial Law, which also provides for an increase of the minimum tax.

Local income taxes

The income tax is levied at the national level. There is no local income tax.