Ivory Coast: Tax developments in response to COVID-19
General Information
This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
Date accurate as of: 3 April 2020
The Ivorian government has taken several measures including business support measures, economic support measures and social measures for population to mitigate the impact of Covid-19 and to preserve the key sectors of the economy. On March 30, the Government announced the following tax relief measures to address the impact of the coronavirus (COVID-19) pandemic on taxpayers:
- The suspension of tax audits procedures for a three-month period;
- The reduction of 25% of Transport Business license;
- The postponement of payment for three months of :
- Flat-rate taxes for small traders and craftsmen ( particularly in the scrublands, restaurants, nightclubs, pubs, cinemas and places of entertainment);
- Taxes, duties as well as social contributions in case of cash flow difficulties encountered by companies;
- Taxes on capital income for companies operating in tourism and hostels sectors and which experiencing economic difficulties;
- Exemption from import duties and taxes of health equipment, materials and other health inputs related to the fight against COVID19;
- Penalty waiver for delays in the execution of public contracts and orders with the State and its branches during the crisis period;
- Reimbursement of VAT credits within two (2) weeks by a lightening of customs controls prior to import and the strengthening of customs controls after the import ;
- Payment of public debt, especially to companies affected by the crisis with priority to invoices under 100 million xof in order to reach the maximum number of companies, especially the Small and Medium Enterprises;
- The reorganization with the two Ports (Abidjan and San Pedro) of the payment of storage fees during the period of the pandemic in order to defer the penalties in case of exceeding the deadlines related to the storage and stevedoring activities.
