The Cote d’Ivoire government will increase taxes on telecoms companies and require them to invest in government bonds this year, as part of a plan to boost fiscal revenues and keep profits in the country, Pascal Abinan, the state tax agency’s director has revealed. According to Reuters, the tax department is targeting overall tax receipts of around XOF1.6 trillion (USD3.3 billion) in 2014, up from the XOF1.4 trillion generated in 2013. As such, the tax on profits generated by the country’s telecoms operators will be raised from 25% to 30%.
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