Investors should be aware of timeline for taxes and fees in Cote d'Ivoire

The payment of taxes on wages, salaries, debt, withholding tax, value-added tax (VAT) and other taxes on turnover are due on either the 10th, 15th or 20th of each month for companies dependent on the Directorate of Large Enterprises or the Centre for Medium-sized Enterprises. The schedules are below.

Bic Tax & Imf

The deadlines for payment of income tax on industrial and commercial profits – known as BIC tax – is broken down into three payments, and minimum annual tax (IMF) is due in two payments. The payment due dates for BIC tax, IMF and patent contributions are:

• April 10th, June 10th and September 10th for industrial, petrol and mining (IPM) companies;

• April 15th, June 15th and September 15th for commercial enterprises and companies subject to a real tax regime; and

• April 20th, June 20th and September 20th for service companies. The schedule for patent contributions is as follows:

• March 10th and July 10th for IPM companies;

• March 15th and July 15th for commercial enterprises;

• March 20th and July 20th for service companies; and

• March 25th and July 25th for companies subject to a real tax regime. Service companies must pay their taxes on non-commercial profits in three payments on April 10th, June 10th and September 10th, while companies subject to a real tax regime pay taxes on non-commercial profits on April 15th, June 15th and September 15th.

Annual Formalities

IPM companies must declare their taxes on income derived from investments or securities for products incurred during the last year on January 10th. Their property tax is due on February 10th and patent contributions are due a month later on March 10th. Commercial companies must declare their taxes on income derived from investments or securities for products incurred during the last year on January 15th. Their property tax is due on February 15th while patent contributions are due March 15th. Service companies must declare their taxes on income derived from investments or securities for products incurred during the last year on January 20th. These firms’ property tax is due on February 20th and patent contributions are due March 20th. Companies dependent on the Diverse Tax Services (SAID) must declare and pay taxes on income derived from investments or securities for products incurred during the last year on January 15th. They must declare their property tax on February 15th and patent contributions on March 15th. June 30th is the latest date that companies subject to auditor certification of their financial statements may declare BIC and submit their approved financial statements. May 30th is the deadline for all other firms.

Quarterly Declaration Formalities

VAT and simplified tax regime on turnover for the last quarter must be declared on the 15th of April, July, October and January. Taxes on income derived from investments or securities on duty allowances, premiums and prizes, and reimbursements distributed during the last quarter will need to be declared as follows:

• 10th of April, July, October and January for IPM firms;

• 15th for commercial companies;

• 20th for service companies; and

• 15th for companies subject to services of a SAID for the sum distributed during the past quarter. Property tax is due on the 15th of March, June, September and December for natural persons, and the 15th of March and June for individual firms and moral persons.

Variable Dates

Taxes on income derived from investments/securities on dividends must be paid, depending on the situation of the taxpayer, on the 10th, 15th or 20th of the next month or three months after the assembly agreed on the distribution, at the latest.

Registering & Property Tax

Acts and transfers must be registered within 30 days. Leasehold tax must be registered within 30 days after the renewal or extension of the lease. Property declarations must be registered at the moment of acquisition of real estate.

 

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The Report: Côte d'Ivoire 2017

Tax chapter from The Report: Côte d'Ivoire 2017