ECONOMIC SITUATION
Côte d’Ivoire is a land of opportunites. The country is now actively seeking to diversify its sources of investment. Since 2012 Côte d'Ivoire has been among the fastest growing economies in the world with an average 8% GDP growth annually. The 2020, pandemic had an important impact on Ivory Coast performance as the rgrowth rate fell to 1.8%. The Ivorian government track record is steered by the implementation and reform of new codes on investment, electricity, and mining. Thanks to its rapid growth, Côte d’Ivoire is flush with opportunities ranging from agribusiness to the construction industry. The country was able to attract USD 1 billion in FDI inflow in 2019, an increase if compared to USD 620 million in 2018.
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KEY FIGURES
Average growth rate since 2012
Population
i
GDP
Surface area: 322.462 Sq metre
GNI per capita
Individuals using the Internet (% of population)
Agriculture, value added (% of GDP)
FDI Net inflows (2019)
Exports of goods and services (% of GDP)
Fuel imports (% of merchandise imports)
Domestic credit to private sector (% of GDP)
Public private partnerships investment in energy (USD)
Key figures
CORPORATE INCOME TAX
Opening and running a new business in Ivory Coast implies the choice of a suitable legal structure and the knowledge of the existing business taxes to comply with. In 2021, the tax landscape was reformed as follows:
ENTREPRENEUR COMMUNAL TAX (TCE)
Corporate tax is 2% of turnover for trade activities and 2.5% of turnover for all other activities.ENTREPRENEUR STATE TAX (TEE)
This replaces the single corporate tax (Impôt synthétique) Corporate tax is 4% of turnover for trade activities and 5% of turnover for all other activities.i
MICRO ENTERPRISES REGIME (RME)
Corporate tax is 7% of turnover for all activities.
Companies reaching 100 millions CFA in turnover ( 152.400€ can request to access this regime)
SIMPLIFIED TAX (Reel simplifié)
25% corporate tax on annual income with a minimum 4,575 € to be paid.
NORMAL TAX (Reel normal)
25% corporate tax on annual income
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