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Ivory Coast has unveiled a shift in its tax policy aimed at boosting its tax revenue.
As part of this change, online sales platforms and digital services in the country will now be subject to the Value Added Tax (VAT), marking a substantial transformation in the nation’s fiscal landscape.
The General Tax Directorate (DGI) made this known in a press release seen by Ripples Nigeria on Monday, October 29, 2023.
The new development will include online sales platforms and digital services in the VAT framework.
The newly affected operations encompass a wide array of digital services, spanning online advertising, data services, digital content, online marketplaces, online gaming, cloud computing, social media platforms, search engines, and transactions involving both business-to-consumer (B2C) and business-to-business (B2B).
This particular tax measure was originally introduced in the fiscal appendix to the 2021 – 899 Finance Act of December 21, 2021, for the year 2022.
Ivory Coast’s decision to impose VAT on online sales and digital services aligns with the global trend of countries adjusting their tax policies to address the challenges and opportunities presented by the digital age.
