Togo: Tax Authority Expects CFA1,210 Billion in Revenues in 2025

Public finance

Monday, 06 January 2025 15:48

Togo: Tax Authority Expects CFA1,210 Billion in Revenues in 2025

(Togo First) - Togo’s tax authority, the OTR, should collect CFA1,210 billion in revenues this year. Philippe Kokou Tchodié, the OTR’s boss, disclosed the forecast last weekend during a staff meeting.

The projection is 8% more than the 2024 target–CFA1,113 billion. The funds, Tchodié said, will support the 2025 State Budget, which stands at CFA2,397 billion. The money collected by OTR will help boost overall budget revenues.

In detail, the Tax Office plans to collect CFA587 billion, while the Customs and Excise Office aims for CFA613 billion. Tax revenues should thus make up over 81% of total budget revenues, expected to reach CFA1,486 billion. Other revenue sources include non-tax receipts estimated at CFA74 billion and program grants of nearly CFA12 billion, added to project grants from external partners estimated at CFA190 billion.

The OTR has performed well in recent years. In 2023, it collected over CFA1,000 billion, exceeding its initial target of CFA990 billion. For 2024, tax and customs revenue is forecasted at CFA1,042 billion.

Esaïe Edoh

REFORMS OVERVIEW

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