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Tax exemptions: Ivory Coast invests 400 billion FCFA every year

17/03/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On March 14, the Center for Information and Government Communication (CICG) held a weekly meeting entitled “All you need to know about... “, which covered the 2023 tax annex. On the occasion, the technical adviser to the Ministry of Budget and State Portfolio Daouda Kamagaté informed that Côte d'Ivoire is investing 400 billion FCFA due to exemptions from

impôt s granted to certain sectors of activity.

To increase the tax burden rate, which is currently 13%, where the UEMOA requires a rate of 20%, the Ivorian government is putting in place a whole system. In order to mobilize domestic resources so as to avoid relative dependence on external resources, a fair distribution of the tax burden has been established, to encourage the reduction of parities between economic operators. According Daouda Kamagaté to, with regard to the 2023 tax annex, “the aim is to gradually reduce the differences between the level of contribution of economic operators and their abilities. real contributors.”

According to the speaker, the planned fiscal policy for 2023 is based on this strategic objective.

Measures to strengthen tax revenue mobilization include the increase in the rate of excise duties on tobacco products. While ECOWAS and UEMOA regulations are 50%, these products are subject to a special tax at a rate of 40%.

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