Tax Figures
Income Tax
- 10,000 – 2,200,000: 2%
- 2,2000,001 – 3,600,000: 10%
- 3,600,001 – 5,200,000: 15%
- 5,200,001 – 7,200,000: 20%
- 7,200,001 – 12,600,000: 26%
- 12,600,000 – 20,000,000: 29%
- 20,000,001 – 30,000,000: 32%
- 30,000,001 – 40,000,000: 34%
- 40,000,001 – 50,000,000: 35%
- Over 50,000,000: 36%
Personal Allowance
Taxpayers with a high number of dependents enjoy tax relief by applying the IGR shares.
- Single, divorced or widowed with no child = 1 share
- Married with no child = 2 shares
- Single, divorced with one (1) child = 2 shares
- Married, widowed with one (1) child = 2,5 shares
- Single, divorced with two (2) children = 2,5 shares
- Married, widowed with two (2) children = 3 shares
- Single, divorced with three (3) children = 3 shares
- Married or widowed with three (3) children = 3,5 shares
- Single, divorced with four (4) children = 3,5 shares
Employers Social Security and statutory contributions
17.35%, calculated on gross income
Employees Social Security and statutory contributions
3.2%, calculated on gross income
Payroll
From 2011 until 2012, Ivory Coast adopted several solutions to reduce burdens when paying taxes. In particular, the country reduced the corporate income tax rate and eliminated the contribution for national reconstruction. However, in 2014 Ivory Coast increased the employers ‘contribution rate for social security related to retirement.
Remote Payroll
A remote payroll system is where a foreign company, i.e. a non-resident company, payrolls a resident employee in Ivory Coast. Under Ivory Coast, companies registered in other countries are allowed to obtain a license to do business and have employees in the country.
Local Payroll Administration
In some cases, a company will register their business in Ivory Coast under one of the forms available: Sole Proprietorship, Limited Liability Companies (LLC) and Public Limited Companies (SA); but prefer to have another company administering its payroll. This can be accomplished through a payroll provider. It is important to note that the company, as the Employer of Record, is still fully responsible for compliance with employment, immigration, tax and payroll regulations. But the payroll calculations, payments and filings can all be outsourced to the payroll provider.
Internal Payroll
Larger companies with a commitment to Ivory Coast may wish to run their own local payroll for all employees, foreign and local. In order to accomplish this, they will have to complete incorporation, register the business and then hire the necessary staff. There will be a need for in country human resources personnel who have the background needed to manage an Ivory Coast payroll, and can fulfil all tax, withholding, and payroll requirements.
This approach carries significant cost and requires some knowledge of local employment and payroll regulations. The company will need a local accounting firm and potentially legal counsel to ensure full compliance with Israeli employment laws.
Setting up payroll in Ivory Coast
Tax Registration Requirements
When working in Ivory Coast under a permanent contract, many employers will handle taxes under the PAYE (pay-as-you-earn) system. This means that employers calculate and process taxes in Ivory Coast for employees and then send them a net wage. Income tax, public health insurance, social security and other deductions will all be covered by this payment.
Social Security Registration
Documents required for social security registration are:
- A pension application form;
- A record of employment registration;
- A notice of termination;
- A personal statement of salaries;
- A pension payment request form.
It is also necessary to submit at the Caisse Nationale de Prévoyance Sociale (CNPS), a file including the documents above-listed filled out and signed by the employer as well as:
- The pension application;
- The social security card;
- The pay slips of January, June and December of each year and/or photocopies of DISA of each year;
- A marriage certificate or a family civil status record;
- A birth certificate record or a family civil status record;
- A bank account details for payments to be made in France;
- Work certificates;
- A life certificate.
Documentation Required for New Employees
All employees must sign a contract of employment, which may be concluded for a specified or unspecified period (max length of a single fixed-term contract is 24 months).
The contract of employment may contain a probationary period, the duration of which must be stated in writing.
