July 12, 2018 / 1:29 PM / 4 months ago

Ivory Coast H1 tax collection up 4.1 pct

ABIDJAN, July 12 (Reuters) - Ivory Coast collected 1.106 trillion CFA francs ($1.96 billion) in taxes in the first half of 2018, up 4.1 percent from the same period last year, Abou Sie Ouattara, director general of the tax authority told reporters on Thursday.

The increase in receipts in French-speaking West Africa’s largest economy was due to a rise in tax from the cocoa and coffee and oil and gas sectors, Ouattara said.

Receipts are expected to have risen in the second half too, Ouattara said, to 1.080 trillion CFA francs, an 8.8 percent increase year-on-year.

Ivory Coast, which this year launched its fourth Eurobond in five years, accounts for around 40 percent of the eight-nation West African CFA franc currency zone. (Reporting by Loucoumane Coulibaly Editing by Edward McAllister and Robin Pomeroy)

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