In Côte d’Ivoire, real estate developers and builders demand tax to be reduced in their sector
Friday, 05 May 2017 16:38
Leaders of the National Chamber of Certified Developers and Builders of Cote d’Ivoire (CNPC) met on April 27, 2017, with the Head of Cadaster, Mrs. Albugues Dakoua Kouamé, to discuss about the procedure for issuing land deeds. This was revealed by the institution in a statement.
CNPC’s secretary general, Ouloudé Thierry Arnaud, also on this occasion asked for “further clarification regarding tax exemption in the construction sector”.
“Actors of the construction sector benefit from a 3-year tax exemption when acquiring land or property. Also, 25% of the lands they own benefit, since the 2015 fiscal year, benefit from land tax exemption, in addition patent, VAT, 50% reduction for tax on business profits, and profit tax,” the Head of Cadaster explained.
Though they were satisfied, M. Oloudé and his delegation asked for a reduction of the tax on built land which according to them hampers the sector’s growth.
Souha Touré
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