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13.5. Interest and Penalties

Late Payment

The Ivory Coast imposes a penalty of 5% of the tax due if paid within 1 month, and an additional 0.5% for each month or part of a month thereafter.

Late Filing

Failing to file the tax return within the set time period results in a penalty of 1 million CFA francs if filed within a month after the deadline, plus 100,000 CFA francs per month or part of a month thereafter.

If the filing is delayed for more than 3 months, the penalty is 2 million CFA francs plus 200,000 CFA francs per month or part of a month thereafter.

Incorrect Filing

In cases of incorrect filing, the tax authorities of the Ivory Coast will imposed a penalty of 5% of the tax due if paid within 1 month, and an additional 0.5% for each month or part of a month thereafter.

Underpaid Tax

The penalty for underpaid tax is 15% if the amount of underpaid tax does not exceed 25% of the total tax due. If greater than 25%, the penalty is 30%