Côte d’Ivoire: On 13 September, the Council of Ministers adopted draft laws and ordinances impacting various sectors of public services.
Of interest, the Council adopted an ordinance reforming taxes on salaries, wages, pensions and life annuities payable by employees. According to the statements, the reforms are part of the overall framework of the implementation of the government’s social policy. The new system will merge three schedular taxes, namely salary taxes (IS), the national contribution for the economic, cultural and social development of the nation (CN), and the general income tax based on salaries (IGR/Salaries), into a single deduction.
Added to this is the adoption of progressive taxation by salary bracket instead of mixed taxation. Additionally, the creation of a zero-rate tax bracket for monthly salaries below 75,000 CFA francs. Tax exemptions on the portion of retirement pensions and life annuities were increased from 300,000 francs to 320,000 francs and the tax on pensions of people aged over 70 years was reduced.
