Page 20 - Nexia SAB&T Africa Overview 2025

Côte d’Ivoire (GMT)

General:
▪ Capital City: Yamoussoukro
▪ 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: 32,7 million (2025,est)
Key Economic Indicators:
▪ GDP: $94,48 billion (2025) / GDP Growth Rate: 6.5% (2024)
▪ CPI Inflation Rate (annual): 3% (2025)
▪ Sovereign Credit Ratings: Moody’s: Ba2, S&P: BB-, Fitch: BB- (High Credit Risk)
▪ Indicator of Economic Freedom Score: 57.8/100 (2025): Mostly Unfree
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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