Public Management

Côte d'Ivoire: Govt collected $1.3bln in tax revenue in Q3 2021, a 112% collection rate

Côte d'Ivoire: Govt collected $1.3bln in tax revenue in Q3 2021, a 112% collection rate
Monday, 11 October 2021 20:25

In a gloomy economic context marked by covid-19, the Ivorian government is continuing its tax mobilization plan to support the state budget. The target set for the third quarter of this year has been largely exceeded.  

Between July and September this year, the Ivorian General Directorate of Taxes (DGI) has collected $1.3 billion (CFA743.6 billion) in tax revenue. "Our initial tax target was CFA660.2 billion for the period. We achieved a surplus of CFA83.4 billion. This makes a mobilization rate of 112.6%," said Sié Abou Ouattara (pictured), Director General of Taxes.

According to him, this good momentum is expected to continue over the 4th quarter. "We are already on the right track […] we must continue to implement the ambitious reforms already underway," he said.

For the fourth quarter of 2021, the authorities eye a tax mobilization of CFA606.6 billion ($1.06 billion), about CFA54 billion ($95 million) less than the third quarter. The tax burden in Côte d'Ivoire remains low. The government estimates it at about 12.5%, while the average rate within the West African Economic and Monetary Union (WAEMU) is 20%. The authorities hope to close this gap to achieve higher tax mobilization rates. 

For the whole 2021 year, the General Tax Directorate seeks to collect CFA2,748.7 billion ($4.8 billion), up CFA396.5 billion ($698 million) compared to 2020.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Egypt receives $3.5 billion initial payment from Qatar-backed coastal project Deal targets Mediterranean real estate and tourism...
GTCO wins CBN and SEC approval for 10 billion naira private placement Fundraise aims to meet holding company prudential capital...
Togo parliament approves 2026 budget at 2,751.5 billion CFA francs Budget rises 12.93% from revised 2025 spending levels Measures include...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect borrower data, expand regional credit information...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.