Ivory Coast Planning 3% Tax on Rubber-Processing Facilities
February 10, 2012, 5:05 AM ESTBy Baudelaire Mieu
(Updates with official’s comments in third paragraph.)
Feb. 10 (Bloomberg) -- Ivory Coast plans to impose a 3 percent tax on processing facilities for granulated rubber, the head of the West African nation’s tax authority said.
Telecommunications companies will also pay a new tax, Pascal Abinan, director-general of the country’s Directorate General of Taxes told reporters yesterday in the capital, Abidjan, without giving further details.
The country loses as much as 500 billion CFA francs ($1 billion) a year to fraud and tax evasion, Abinan said. “We’re going to strengthen our tax collection,” he said.
--Editors: Hilton Shone, Ben Holland
To contact the reporter on this story: Baudelaire Mieu in Abidjan at bmieu@bloomberg.net
To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net
