(Ecofin Agency) - The Ivorian government has adopted new provisions in the Fiscal Annex 2020 to support private sector development. These include 29 measures of tax exemption, tax rate increases, tax suspension, and creation of new taxes; as well as the clarification and improvement of tax management modalities.
With this new step, the government wants to speed up the objectives set in the National Development Plan (NDP) 2016-2020, and deepen the structural transformation of the country's economy through industrialization. It also plans to promote industrial activities, in particular, the transformation of agricultural raw materials into finished and semi-finished products.
Ultimately, the new provisions are in line with the country’s desire to promote the structural transformation of the national economy through industrialization.