The Direction Générale des Impôts (DGI) is Côte d’Ivoire’s tax revenue collection agency and key ally of the government in rationalising and reducing taxes – in particular for businesses – and in fighting tax fraud.
“We have worked very hard to rationalise our fiscal system and to reduce some taxes. For instance registration fees for new businesses have gone down from 10 to 7 per cent, and they will be further reduced to 5 per cent in 2014,” explains Pascal Kouakou Abinan, Director General of DGI.
“The number of taxes has been lowered and business registration fees have dropped from 10 per cent to 7 per cent. In the 2014 fiscal year, it will go down to 5 per cent”
Pascal Kouakou Abinan, Director General of DGI |
“These measures are in line with the government’s policy of improving the business climate and our competitiveness.”
Concerning the fight against fraud, the number one priority is to increase VAT revenues. Currently, according to Mr Abinan, VAT fraud amounts to about CFA100 billion (£126 million) each year. A special department has been set up in the DGI to fight this type of fraud, and a mandatory, standardised model of invoice has been created for businesses to use, which allows to better trace their revenues.
In January, he announced that in 2013, the state had collected CFA1.425 trillion in tax revenues, CFA15.2 billion more than the target. For 2014, DGI aims to collect CFA1.588 trillion.
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