Cocoa: Ivory Coast encourages the private sector to invest

In 2017, a new tax measure was introduced for cocoa products including a tax rate of 13.2% for cocoa mass, 11% for butter and cake, and 9.6% for powder. This initiative will require processing companies to pay a 14.6% tax on the CIF price, which was previously only applied to exporters of raw cocoa beans. Cocoa is vital to Côte d'Ivoire's economy, contributing almost 60% of export earnings and providing income for around 20% of the population.