APA-Abidjan (Côte d'Ivoire) To support small and medium-sized enterprises (SMEs) and very small enterprises (VSEs), the State of Côte d'Ivoire has set up Approved Management Centers (CGA), a a little-known tool for young entrepreneurs, aimed at offering tax reductions. This instrument is intended to be a pro-entrepreneurial tax system that allows micro-enterprises and small and medium-sized enterprises (SMEs) to benefit from tax advantages in order to boost their growth and make them national champions. For Laurence N'Guessan, winner of the Young Innovative Entrepreneur Award of CGECI Academy 2016, organized by the Ivorian Employers, one of the problems of young entrepreneurs is access to information. They discover the different impositions later and are not prepared for it. The creation of Approved Management Centers (CGA) comes as a response to the needs for assistance and supervision in terms of management, accounting and taxation of small and medium-sized enterprises operating in the sectors of trade, crafts and industry. According to Béatrice Amoakon, the president of the approved management centers of Côte d'Ivoire (CGA), these support structures for SMEs, which have existed since 2002, currently have 111 centers in all the major cities of the country. Their mission, she said, in an interview with APA, is to support SMEs and micro-enterprises in formalization, management and tax compliance as well as training. These centres, which are private structures, supervise SMEs according to a scale approved by the Ivorian State. For micro-enterprises, 5,000 FCfa per month is required, or 60,000 FCfa per year. The CGA accompanies the SME/TPE in terms of accounting, tax declaration and assists them with the tax services. Companies monitored by CGAs benefit from tax exemption measures, in particular a reduction of 50% of the BIC (Industrial and Commercial Profits) for three years for taxpayers under the simplified real regime. This reduction is reduced to 20% from the 4th year. VSEs and SMEs also benefit from a 50% reduction on the annual contribution for taxpayers subject to the synthetic tax system with the possibility of access to bank loans and to be eligible for the National Solidarity Fund. “We welcome companies that are subject to synthetic tax and real simplified taxation, and from the moment they are followed by a CGA, they benefit from tax reduction measures automatically, including those that already exist. “said Ms. Béatrice Amoakon. Individuals or legal entities subject to the synthetic tax regime and the simplified real tax regime may join a CGA. For taxpayers under the synthetic tax regime, these are traders whose annual turnover is between 5 and 50 million CFA francs and service providers whose annual turnover is between 5 and 25 million FCFA. For taxpayers under the simplified real tax regime, traders whose annual turnover is between 50 and 150 million CFA francs and service providers whose annual turnover can register with a CGA is between 25 and 75 million FCFA.