In Ivory Coast, employers are required to deduct payroll taxes from their employees’ salaries and remit them to the appropriate tax authorities.
The payroll taxes in Ivory Coast include:
1- Social Security Contribution
This is a mandatory contribution made by employers and employees to the National Social Security Fund (CNPS). The contribution rates vary depending on the employee’s salary and the type of industry. The employer is responsible for deducting the employee’s portion and remitting it along with their contribution to CNPS.
2- Personal Income Tax (PIT)
This is a tax levied on an individual’s income, including employment income. The PIT rates range from 0% to 45%, depending on the employee’s salary level.
3- Withholding Tax
This tax is levied on certain payments made to non-residents, including directors’ fees, royalties, and management fees. The withholding tax rate is generally 20%.
4- Training Fund Contribution
This is a mandatory contribution made by employers to the National Training Fund (FDFP). The contribution rate is 1.5% of the total payroll.
Employers are responsible for deducting and remitting these payroll taxes to the appropriate tax authorities on a monthly basis. Failure to do so can result in penalties and fines.
