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.
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
Djibouti, Egypt sign port, logistics and energy cooperation agreements Deals include 23-MW solar plant to power Doraleh port operations Aim is to cut...
Algeria launches $207 million tire factory project in Touggourt Plant targets 5 million annual units, boosting industrial self-sufficiency Move...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal insertions, urges suspension and investigation Government...
Gambia’s Gamtel signs $50 million PPP to modernise internet backbone Project boosts core network capacity from 50 Gbps to 800...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...