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Ivory Coast To Slash Taxes On Tech

by Lorys Charalambous, Tax-News.com, Cyprus

02 July 2015


The Government of the Ivory Coast has announced that it is to drastically cut taxes on computers and mobile phones.

Value-added tax and customs duties will either be substantially reduced or removed. Previously, imported computers had been subject to a combined tax rate of 27 percent while imported phones and tablets had been subject to a rate of 32 percent. The territory is to legislate to introduce a low single-digit rate on these items.

Minister Bruno Koné announced that the measures are part of a long-term push to encourage the adoption of technology in the country, with the aim of ensuring that every person has access to a computer and the internet. He said that many people in the country do not currently have access to their own computer and that these cuts should make these technologies more accessible. They will also make equipment cheaper for businesses and so encourage investment.

TAGS: tax | investment | business | value added tax (VAT) | tax incentives | tax credits | excise duty | internet | tax breaks | tax reform | telecoms | research and development

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