Page 18 - Profmark Africa Overview 2024

Côte d’Ivoire (GMT)

General:
▪ Capital City: Abidjan
▪ Official Language: French
▪ Currency: West African CFA Franc (XOF)
▪ Main Exports: Cocoa, crude oil, coffee, rubber, cashew nuts, bananas
▪ Surface Area: 322.5 sq. km (thousands)
▪ Population: 31,9 million (2024,est)
Key Economic Indicators:
▪ GDP: $78.78 billion (2023) / GDP Growth Rate: 6.5% (2023)
▪ CPI Inflation Rate (annual): 4.4% (2023)
▪ Sovereign Credit Rating: Fitch: BB-
▪ Indicator of Economic Freedom Score: 58.4/100
Exchange Controls:
▪ Exist
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Cote d’Ivoire-source
Tax Rates:
▪ Individuals: Varying rates and formulas apply
▪ Companies: 25%
▪ Inheritance and Donations Taxes: Varying rates apply
▪ VAT: 18%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Central Bank of West African States http://www.bceao.int
▪ General Tax Directorate http://www.dgi.gouv.ci
▪ Ministry of Finance http://www.finances.gouv.ci

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