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
Biovac, the South African biopharmaceutical company that supplies 80% of the country's routine childhood vaccines, secured more than $175 million in...
Côte d’Ivoire establishes sovereign fund to manage public assets Fund to finance infrastructure, stabilize economy, build long-term...
Evidence shows mobile money taxes reduce usage and revenue Most countries exceed the 0.2% threshold that triggers cash fallback Policies...
CAR minister meets COBAC on FNGI operational rollout Talks seek framework, technical support, compliance with regional rules $18M fund...
Most Read
01

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
02

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
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.