In Ivory Coast, employers are required to deduct and remit payroll taxes on behalf of their employees. The payroll taxes that are typically withheld include:
1- Social Security Contributions
Employers are required to contribute to the national social security scheme at a rate of 18.5% of an employee’s gross salary. This includes a contribution of 5.25% from the employee’s salary and 13.25% from the employer.
2- National Pension Fund Contributions
Employers are required to contribute to the National Pension Fund at a rate of 6.75% of an employee’s gross salary. This includes a contribution of 2% from the employee’s salary and 4.75% from the employer.
3- Withholding Tax
Employers are required to withhold income tax from an employee’s salary at a rate that varies based on the employee’s income level. The tax rates range from 0% to 35%.
4- Other Contributions
Employers may also be required to make other contributions, such as for unemployment insurance or professional training, depending on the sector in which they operate.
Conclusion
It’s important to note that employers are responsible for ensuring that these taxes are accurately calculated and withheld from their employees’ salaries, and remitted to the relevant authorities on a monthly or quarterly basis. Failure to comply with these requirements can result in penalties and other legal consequences.
