The tax system in Côte d’Ivoire is based on the legislation that existed at the time of the country’s independence in 1960. It has since undergone several amendments intended to take into account the country’s economic and social evolution and budgetary constraints. A powerful and qualified tax authority enforces taxpayers’ obligations.
Following a sociopolitical crisis that lasted for more than 10 years, since 2012 Côte d’Ivoire has quickly resumed its economic growth. Indeed, 2012 was a year of strong growth, as GDP increased by 9.8% in real terms, while 2013 will most likely record a similar increase. This growth is based on increased demand due to increases in public and...
For some time now, mitigating tax avoidance and evasion has been the focus of tax debates at both national and international levels as well as within corporate circles. This has resulted in the inclusion of a number of anti-tax avoidance measures in most jurisdictions,, typically tailored to national requirements. Currently, anti-tax avoidance legislation is aimed to...
Taxation in South Africa is levied according to specific “residence principles”. These principles apply to incorporated, unincorporated and natural taxpayers. The South African Income Tax Act (the Act) contains certain “source” deeming principles in relation to passive income such as interest, royalties, dividends and certain...
Oil production retains its key role in the economy, however plans are under way to encourage diversification away from hydrocarbons towards an economy that is more knowledge based. The political climate has been characterised of late by a number of disputes, often resulting in either the resignation of the government or the dissolution of parliament, which has contributed to the slow progress of some projects.
A leading cocoa producer and exporter of low-cost power, Côte d’Ivoire is one of the more economically diverse and mineral-rich countries in West Africa. The country is a member of ECOWAS and the Economic and Monetary Community of Central Africa, as well as party to several international trade agreements, which help improve macro stability.
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