Togo: Tax Office Extends Payment of Capital Gains Tax or TPV to Partial Transfer of Land Deeds

Public finance

Tuesday, 01 August 2023 15:58

Togo: Tax Office Extends Payment of Capital Gains Tax or TPV to Partial Transfer of Land Deeds

(Togo First) - In Togo, capital gains tax (TPV) has been extended to partial transfers of land deeds. The measure takes effect today, August 1, according to the Togolese Tax Office (OTR)

In a statement addressed to the users of the Directorate of Cadastre, Land Conservation, and Registration (DCCFE), the OTR notes that the measure applies to "all new requests for partial transfers (subdivisions) of land titles". The measure is in line with the provisions of the General Tax Code of Togo, it is reported.

Before the update, the TPV was only levied on full transfers. It is a tax due by individuals or partnerships for the sale or transfer of real estate or real estate rights, except for exemptions prescribed by law.

The tax is also due on capital gains made by resident or non-resident individuals or corporations in Togo who directly or indirectly transfer shares or shares in companies registered in Togo. This is also the case for capital gains from sales made by individuals or corporations who directly or indirectly transfer mining titles or operating licenses issued by the Togolese authorities.

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