Abidjan, 09 Jan (AIP) - The tax annex on the state budget of Côte d'Ivoire for the financial year 2020 wants
contribute to the implementation of the country's industrialization vision reflected in the National Plan of
development (PND) 2016-2020, said Thursday the director general of taxes, Ouattara Sié Adou.
Ouattara presented the tax schedule at a press lunch. According to him, in order to reach
The industrialization of Côte d'Ivoire, the DGI has put in place new measures for the improvement of the
productivity in certain sectors of activity relates to support for the processing of agricultural products, in
technological research, as well as incentives for the establishment of companies within the
countries, among others.
The 2020 tax annex grants companies processing agricultural products into finished products,
exemption from tax on banking transactions, loans they take out for the equipment of their
Plants. In addition, installations are exempted over a period of five years from the contribution of licences
and property tax.
In addition, the DGI introduces for this exercise, tax incentives for private companies that
invest in basic or applied research activities or in development
experimental. These companies benefit from tax advantages including a tax credit of 20% of the sums
invested, an exemption over a period of five years from the date of commencement of investments,
exemption from banking tax on loans and income tax on receivables
on interest on loans.
In addition, in order to contribute to the balance of socio-economic development in all regions of the
In the country, the DGI proposes a favourable tax system for companies that make investments of onebr minimum amount of one billion francs excluding taxes within the country. This device applies until 31
December 2023 and concerns temporary five-year income tax exemptions
industrial and commercial and contribution of patents.
The measures contained in the tax annex to the Finance Law for the year 2020 have taken effect since
02 January 2020.
A revenue target of 2716.2 billion CFA francs is assigned to the DGI in 2020, an increase of 307
billions compared to 2019, it is noted