Togo: Tax office launches communication campaign to get population acquainted with new tax reforms

Public finance

Thursday, 11 January 2024 16:29

Togo: Tax office launches communication campaign to get population acquainted with new tax reforms

(Togo First) - The Togolese tax office, Office Togolais des Recettes (OTR), launched a campaign to publicize the 2024 Finance Act on January 11. The campaign aims to get the population more acquainted with the Act and the new tax reforms it includes.

As part of the move, the OTR held a first meeting with the local press yesterday. According to Philippe Tchodié, General Commissioner of the Office, the campaign will allow the media to communicate about the reforms and help bolster the partnership with business owners.

"Taxation is a fairly complex field and to promote fiscal civic-mindedness, the OTR has made it its mission to explain the finance law properly. We expect our partners to be able to take this message and relay it correctly so that what the government has in mind and which is translated into the finance law, can be understood by the whole population", Tchodié told the press.

The reforms drawn under the 2024 finance bill revolve around three key areas: greater inclusion and harmony, job creation; and service modernization via digitalization.

In line with the bill, this year, the OTR plans to collect CFA1,042 billion in taxes to finance the national budget. To this end, it raised tax rates on some products and renewed certain tax measures.

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REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.