The Ivorian government announced it has set up a digital tax control system. Finalized on January 1, this tool was presented to the private sector this week.
The system aims to measure the level of tax compliance. It will allow tax authorities to optimize tax control based on objective risk analysis criteria and ensure effective traceability of tax audits at the hierarchical level.
The Ivorian authorities believe that this new reform will bring greater transparency in tax governance and greater ethics in tax audits. Companies will also benefit from better traceability of actions and optimization of the reinforcement of the taxpayer's guarantees in addition to saving time.
In the long run, the digitization of tax audits should lead to "the development of legal provisions, the automatic generation of the 2023 tax program based on the rating of taxpayers - with little human intervention, and the online payment of taxes -like the spontaneous declarations and payments." This reform aligns with the government’s ambition to improve the legal security of businesses, the transparency, and neutrality of tax control, and tax predictability. Ultimately, it will contribute to "the improvement of the business climate, so that more investments are attracted in the country.
"The implementation of this system shows that the administration is at the service of companies to ensure that they work in a transparent environment. It also shows that the services of the ministry can provide appropriate responses when problems arise," said the Ivorian Minister of Budget and State Portfolio, Moussa Sanogo (pictured, right).
Ivorian authorities have been undertaking reforms to digitize the General Directorate of Taxes (DGI) since 2017. The ministry intends to launch the digitization of VAT in February and "a module on real estate and movable property taxation" will be implemented in March.
Jean-Marc Gogbeu, intern
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Lawmakers back $87.6 million prefunding for 87 km Kayunga–Bbaale–Galiraya road China Road and Bridge Corporation to design and build project over...
Nigeria plans to finance a record ₦23.85tn deficit ($15.9bn) domestically in 2026, keeping sovereign yields high and prospectively, boosting banks’...
Senegal launches Agropole Centre to boost central-region agro-processing CFA 107.4 billion project targets cereals, peanuts, salt value addition Zone...
Standard Chartered finalized a FCFA 51.7 billion ($86 million) loan to build rubber and palm oil factories for the state-owned CDC. Repayment is...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...