Cocoa: Ivory Coast encourages the private sector to invest
Cocoa Bean
Cocoa Products
Ivory Coast
Regulation & Compliances
Innovation & Technology
Published Dec 27, 2023
Tridge summary
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.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Applied since 2017, this measure will make it possible to apply a tax rate of 13.2% for cocoa mass, 11% for butter and cake, 9.6% for powder and 0% for chocolate, reports the ecofin agency. Thanks to this initiative, processing companies will have to pay the tax of 14.6% of the CIF price (Cost, Insurance and Freight) which until now only applies to exporters of raw ...
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