Togo-Burkina Faso: Tax Agencies Explore Ways to Bolster Cooperation

Economic governance
Friday, 08 November 2024 15:31
Togo-Burkina Faso: Tax Agencies Explore Ways to Bolster Cooperation

(Togo First) - Togo and Burkina Faso are set to enhance their cooperation in the tax sector, building on existing ties in customs. The heads of both countries’ tax authorities recently discussed the ambition while meeting in Lomé, Togo’s capital. 

During the talks, Philippe Tchodie, head of Togo’s tax authority (OTR), and his counterpart from Burkina Faso, Eliane Djiguemde-Ouedraogo, explored ways to partner in taxation, focusing on providing technical support for strategic projects in Burkina Faso. They emphasized the importance of harmonizing tax systems across the region.

This collaboration aims to strengthen both countries' tax frameworks by sharing expertise and adopting best practices. In an increasingly globalized world, such cooperation is vital for optimizing revenue collection and combating tax evasion effectively. Tchodie stated, “No country can be self-sufficient in the context of globalization of tax systems.

The fiscal partnership could also bolster trade relations between Togo and Burkina Faso. Burkina Faso is currently one of Togo's key economic partners, accounting for 8.4% of Togo's exports in the last quarter of 2023, according to the National Institute of Statistics and Economic Studies (INSEED).

Esaïe Edoh

 

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