Our firm publishes monthly articles «Tax & Legal News» whose topics are selected based on legislative developments, regulatory issues and usual practices.
Since 2014, the Ivorian government is engaged in the promotion of small and medium size businesses through incentive, supportive, protective and development measures.
As a result, the law N°2014-140 of March 24 2014 has defined the legal and institutional status to implement the new government policies for SMB. In February 2016, a new decree has clarified the modality to qualify for small and medium size company status.
The ivorian Labor Code, as published by the law No 2015-532 of July 20th 2015, has introduced various changes including those concerning the traineeship contract.
Despite the fact that this concept is widely used, it was not clearly recognized by Ivorian law.
Such gap has been amended by the new ivorian Labor Code which distinguishes two types of Traineeship contracts : The traineeship-school contract and the professional traineeship contract.
The 2016 Tax Annex has amended the process of VAT exemption granted to oil companies, their subcontractors, and mining companies.
From now, they benefit of an unique exemption certificate (Cf. Att.1) valid for all their transactions made during a calendar year.
This procedure have been clarified by an administrative note made by the Tax Director as detailed below.
Recent reforms introduced by the Ivorian authorities have led to significant changes especially for tax calendar.
These changes concern, particularly, Business Tax returns which have been amended by the ordinance No 2015-797 of December 18th 2015.
You will find, in attached file (french version), an official notice of the Tax Director concerning the debate SYSCOHADA Vs NEW SYSCOA.