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.
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.
Since the entry into force of the 2021 tax appendix, the IMF is due each time the cumulative amount of taxes and duties due for a financial year is less than the maximum amount of microenterprise tax. In this case, the minimum charge must be increased by the difference between these two amounts.
Local income taxes
The income tax is levied at the national level. There is no local income tax.