The Ivorian Direction Generale Des Impots Jan. 6 posted online the Tax Annex to Finance Law No. 2024-1109, the 2025 state budget. The annex includes measures: 1) introducing a 15 percent withholding tax rate for capital gains from a direct sale of shares; 2) abolishing the VAT exemption for oil exploration operations; 3) abolishing industrial and commercial profits taxes on the benefits of the National Centre for Agricultural Research, and the property tax exemptions for its buildings and structures; 4) reducing the property tax rate to 1 percent from 1.5 percent on undeveloped urban land; 5) providing a property tax ...
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