COTE D’IVOIRE LAW AND PRACTICE Contributed by: Abdourahim Bodeen Diallo, Albert Dione, Tokpanan Doré, Joane-Dominique Bah, Thierno Moustapha Diallo, Mamadou Billo Barry and Nasrine Akrah, Thiam & Associés
9. Tax 9.1 Taxation of Business Activities
9.2 Withholding Taxes on Dividends, Interest, Etc See 9.1 Taxation of Business Activities . 9.3 Tax Mitigation Strategies While this is applicable in Côte d’Ivoire, the authors are not specialists on the topic and have, therefore, not provided details. It is recommended to seek spe - cialist analysis. 9.4 Tax on Sale or Other Dispositions of FDI Tax on sale or other dispositions of FDI is applicable in Côte d’Ivoire, however, the authors are not specialists on the topic and have, therefore, not provided details. It is recommended to seek specialist analysis. 9.5 Anti-Evasion Regimes Anti-evasion regimes are applicable in Côte d’Ivoire, however, the authors are not specialists on the topic and have, therefore, not provided details. It is recom - mended to seek specialist analysis. 10. Employment and Labour 10.1 Employment and Labour Framework General Legal Framework Labour law in Côte d’Ivoire is primarily governed by Law No 2015-532 of 20 July 2015 establishing the Labour Code, as amended by Law No 2023-893 of 23 November 2023 (hereinafter referred to as the “Labour Code”). The implementation of this law is complemented by several regulatory texts, including: • Decree No 2022-31 of 12 January 2022 establish - ing the modalities for telework; • Decree No 2022-986 revising the Guaranteed Inter - professional Minimum Wage (SMIG); • Decree No 2024-898 of 16 October 2024 on work - ing hours; • Decree No 2024-900 of 16 October 2024 on trial periods; • Decree No 2024-901 of 16 October 2024 on staff and trade union representatives; • Decree No 2024-902 of 16 October 2024 on employers’ obligations;
Disclaimer: The information provided in section 9 does not constitute tax advice. As the authors are not tax specialists, this information is provided for informa- tional purposes only. Before taking any action, the authors strongly recommend that the reader consults a qualified tax adviser for tailored advice. Tax Regime for Corporate Income Corporate Income Tax (CIT) Resident companies are subject to a general CIT rate of 25%. A higher rate of 30% applies to companies in telecommunications, information technology, and communications (Article 64 of the General Tax Code (GTC)). Value Added Tax (VAT) The standard VAT rate is 18% on taxable supplies of goods and services (Article 359 of the GTC). Real Estate Tax • 9% of rental value for income-generating real estate; • 0.5% of market value for non-income-generating built property held by companies (Article 158 of the GTC); • 1% of market value of undeveloped land (Article 165 of the GTC); and • 3% of rental value for income-generating proper - ties, increased to 4% for properties owned by companies (excluding co-ownerships by civil real estate companies) (Article 156 of the GTC). Business Licence Tax (Patent) • A turnover-based contribution (0.5% of turnover within minimum and maximum limits). • A tax of 18.5% of the rental value of business premises for companies under the normal regime
(Articles 267 and 278 of the GTC). Withholding Tax (WHT) on dividends
Standard WHT is 15% for resident and non-resident shareholders (Article 182 of the GTC). A reduced 10% rate applies for dividends paid by companies listed on the BRVM (Article 183 of the GTC).
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