Ivory Coast Payroll Guide
HR & Payroll in Ivory Coast
Good to know
- National currency: CFA Franc BCEAO (XOF)
- Minimum Wage: (SMIG) is set at 75,000 XOF per month
- Fiscal Year: January 1st – December 31st
- Legal Working Hours: The legal duration of work is 40 hours per week, i.e., 8 hours per day.
- Working Week: Mondays to Fridays.
About Ivory Coast
Located in West Africa, Ivory Coast is one of the region’s most dynamic economies. With sustained growth in recent years, it has attracted investors due to its improving business climate, increasing political stability, and strategic access to the West African market.
The country benefits from abundant natural resources, particularly agriculture, being the world’s leading producer of cocoa—as well as in the mining sector. Rapid urbanization, especially in Abidjan, has been accompanied by infrastructure development and the emergence of a growing, youthful job market.
Employee Income Taxes in Ivory Coast
Employee income tax is calculated on the gross salary according to a monthly progressive scale, with a specific rate applied to each bracket.
| Monthly Income (XOF) | Tax Rate |
|---|---|
| 0 – 75,000 | 0% |
| 75,001 – 240,000 | 16% |
| 240,001 – 800,000 | 21% |
| 800,001 – 2,400,000 | 24% |
| 2,400,001 – 8,000,000 | 28% |
| Over 8,000,000 | 32% |
Social Security System & Payroll in Ivory Coast
When managing payroll in Ivory Coast, it’s essential to factor in mandatory social security contributions. Social security is managed by the National Social Security Fund (CNPS), and both employees and employers must contribute. The CNPS system covers a range of benefits, including:
Retirement Pensions: Contributions that build up your future pension.
Family Allowances: Support for employees with dependents.
Workplace Accidents and Occupational Diseases: Benefits of covering work-related injuries and illnesses.
Maternity Insurance: Financial protection for female employees during pregnancy and childbirth
Social Security Contribution Rates (Current statutory rates)
| Risk Category | Employer Share | Employee Share | Total | Monthly Ceiling |
|---|---|---|---|---|
| Retirement Pensions | 7.70% | 6.30% | 14.00% | 3,375,000 XOF |
| Maternity | 0.75% | – | 0.75% | 70,000 XOF |
| Family benefits | 5.00% | – | 5.00% | 70,000 XOF |
| Occupational accidents | 2% – 5% | – | 2% – 5% | 70,000 XOF |
| Universal Health Coverage (CMU) | 500 XOF/month | 500 XOF/month | 1,000 XOF/month per person |
Contributions and declarations must be made monthly.
Collection & Declarations
CNPS contributions are payable by all workers and their employers, with the employer responsible for monthly payments to the National Social Insurance Fund (CNPS).
DGI (General Directorate of Taxes) mandates that employer managing payroll in Ivory coast withhold the statutory payroll tax on wages and salaries from their employees’ taxable employment income. The withhold must be remitted to DGI on a monthly basis.
Our HR & Payroll Experts are Ready to Help
Payroll and HR are different in each country and to each business. Trust one of our local experts to ensure your company’s compliance in Singapore.
Our Payroll and HR services in Ivory Coast
- Implementation and testing of the software
- An understanding of your individual business payroll processes
- Online payslips & payments
- A dedicated payroll expert
- Data entry & processing
- Payslip distribution
- Personnel & document production
- Legislation compliance
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