Corporate tax calculator Côte d'Ivoire
Calculate your company's corporate income tax (BIC) and minimum flat-rate tax (IMF) in Côte d'Ivoire: taxable result, tax losses carried forward, tax due and payment schedule in three instalments.
Used to calculate the payment dates.
All sales and operating income, taxes included. It determines your tax regime and the IMF amount.
Profit or loss for the year, before corporate income tax. Enter a loss with a minus sign (−).
Non-deductible expenses: fines, sumptuary expenses, disallowed provisions…
Non-taxable or already taxed income, reversals of provisions previously added back…
Losses from the previous five years not yet offset.
Can be carried forward indefinitely.
Business licence tax (turnover duty and rental value duty). It is used to check the legal minimum: corporate income tax (BIC or IMF) and the patente together cannot be lower than 8,000,000 FCFA under the simplified regime, or 9,600,000 FCFA under the standard regime. Otherwise, the difference is added to the IMF as an adjustment.
| Instalment | Due date | Amount |
|---|
How the calculation works
1. The taxable result
Tax losses can be carried forward over the following five years. Deferred depreciation can be carried forward indefinitely. Taxable profit is rounded down to the nearest thousand francs.
2. Corporate income tax (BIC)
3. Minimum flat-rate tax (IMF)
The minimum is reduced to 500,000 FCFA for service stations and butane gas distributors. The rate is reduced to 0.10% for the production, processing and sale of petroleum products and for the production and distribution of water and electricity, and to 0.15% for banks, financial institutions and insurance and reinsurance companies.
4. The tax due
The company pays the higher of the two amounts. If the result is nil or a loss, the IMF therefore applies. New companies are exempt from the IMF for their first financial year.
Applicable rates
| Activity | BIC rate | IMF rate |
|---|---|---|
| General activity | 25 % | 0.5% of turnover incl. taxes |
| Telecommunications, information technology | 30 % | 0.5% of turnover incl. taxes |
| Petroleum products, water and electricity | 25 % | 0.10% of turnover incl. taxes |
| Banks, financial institutions, insurance | 25 % | 0.15% of turnover incl. taxes |
| Service stations, butane gas distributors | 25 % | 0.5% of turnover incl. taxes, minimum 500,000 FCFA |
Sources: Directorate General of Taxes, “Le système fiscal ivoirien”; Ivorian General Tax Code, articles 26 (carry-forward of losses), 39 and 53 (minimum flat-rate tax). Check for any changes made by the year's finance law tax annex.
Frequently asked questions
What is the difference between BIC tax and the IMF?
Corporate income tax (BIC) is calculated on taxable profit at 25% (30% for telecommunications and information and communication technologies). The minimum flat-rate tax (IMF) is calculated on turnover including taxes at 0.5%, with a minimum of 3,000,000 FCFA and a maximum of 35,000,000 FCFA. The company pays the higher of the two.
When is the minimum flat-rate tax due?
The IMF is due when corporate income tax for the year is lower than the IMF, in particular when the taxable result is nil or a loss. It is also due when the total taxes for the year, excluding taxes collected for third parties, are lower than the maximum micro-enterprise tax.
Does a loss-making company pay corporate tax?
Yes: if the taxable result is nil or a loss, the company must pay the minimum flat-rate tax instead of BIC tax. The tax loss can still be carried forward against profits of the following five years.
What is the legal minimum including the patente?
For businesses under a real (actual profit) regime, corporate income tax (BIC or IMF) and the patente together cannot be lower than the maximum tax of a micro-enterprise registered with an approved management centre: 8,000,000 FCFA (200,000,000 × 4%) under the simplified regime and 9,600,000 FCFA (200,000,000 × 4% × 1.2) under the standard regime, according to the DGI adjustment forms. If the total is lower, the difference is paid on top of the IMF as an adjustment.
Do new companies pay the IMF?
No: new companies are exempt from the minimum flat-rate tax for their first financial year. They only pay BIC tax if they make a profit.
When must BIC tax or the IMF be paid?
The tax for a financial year is payable in three equal instalments during the following year: 15 April, 15 June and 15 September for companies attached to tax centres. For the DGE and DME (large and medium enterprises), the due dates are the 10th, 15th or 20th of the same months depending on the activity (industry, trade or services).
Which companies is this calculator for?
Companies under the simplified real regime (turnover including taxes of 200 to 500 million FCFA) and the normal real regime (over 500 million FCFA). Below 200 million, the company falls under the micro-enterprise tax or the entrepreneur state tax, both calculated on turnover.
