Ivory Coast (Côte d'Ivoire)

Social security contributions

Employees must contribute to the social security system (Caisse Nationale de Prevoyance Sociale or CNPS) together with the employer. The employees only pay 6.3% for the CNPS Retirement Fund and the employer pays 7.7% of the taxable salary to the CNPS Retirement Fund (total 14%). The other contributions are paid by the employer (i.e. family allowances 5.75%, work injury from 2% to 5%).

The monthly ceiling for the CNPS Retirement Fund is XOF 3,375,000, and the monthly ceiling for the other contributions is XOF 70,000.

Value-added tax (VAT)

VAT is a non-cumulative tax levied on the sale of goods and services at the rate of 18%. See the Other taxes section in the Corporate tax summary for more information.

Factoring operations carried out in Côte d'Ivoire are also subject to VAT.

Luxury and excise taxes

Excise duties apply on cigarette imports, alcoholic or non-alcoholic beverages, oil products, and perfume and cosmetics products.

Payroll taxes

Taxes are levied at the rates of 2.8% for local employees and 12% for expatriate employees on the total taxable remuneration, including salaries, benefits, and benefits in kind.

With the removal of the 20% reduction on gross remuneration paid, as part of the salary tax reform, the above-mentioned usage rates are directly applied to the gross base for the calculation of the employer contribution.

Capital gains tax

Capital gains tax at a rate of 17% is applicable on the sale of buildings or portions by individuals or partnerships not subject to corporate income tax (CIT).