Togo: Tax Office raised close to CFA1,000 billion in 2023

Public finance
Saturday, 16 March 2024 05:08
Togo: Tax Office raised close to CFA1,000 billion in 2023

(Togo First) - Last year, the Togolese Revenue Office (OTR) collected CFA990 billion in taxes and customs duties. According to Philippe Kokou Tchodie, Commissioner General of the OTR, the tax office had expected it would collect CFA921.1 billion in 2023. He disclosed the figures last week.

The amount collected last year is 14% more than in 2022–CFA852 billion. 

The OTR is doing well and is doing everything to overcome its various challenges. These positive results prove it,” said Philippe Tchodie. 

This year, the tax office targets CFA1,042 billion, or 48% of the country’s budget for 2024. The latter stands at CFA2,179 billion.

To achieve its goal, the OTR intends to broaden its tax base, streamline the process of delivering land deeds, and better monitor payment of taxes and customs duties.

Esaïe Edoh

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