Ivory Coast (Côte d'Ivoire)

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. In specific cases, such as when the minimum tax is triggered due to the condition that no tax is due, the maximum threshold may be increased. 

The minimum tax will be due, even if tax on industrial and commercial profits owed is higher, if the cumulative amount of taxes due for the financial year, excluding third-party taxes, is lower than the maximum amount of micro-enterprise tax determined on the basis of the upper turnover threshold of the micro-enterprise tax regime.

The minimum tax rates also vary for companies engaged in the production, transformation, and sale of petroleum products, as well as electricity, water, and gas distribution companies (excluding butane-only service stations). A rate of 0.1% applies to these entities. For banks, financial institutions, insurance, and reinsurance companies, the rate is 0.15%. The maximum threshold of XOF 35 million is applicable irrespective of sector.

Local income taxes

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