Online ads now taxed in Togo

Public finance

Thursday, 21 January 2021 13:36

(Togo First) - From now on, advertisements on digital platforms will be subject to the value-added tax (VAT) in Togo.

The reform is one of the innovations of the 2021 finance bill. It aligns with the public authorities’ ambition to broaden the tax base. The authorities wish to boost the State’s tax collection capacity, in a context where the current capacity is insufficient to meet public charges and needs.

In effect, says a source close to the Togolese Revenue Authority, digital platforms will collect the VAT from every user conducting a financial transaction through ads, and give this tax to the State.

Séna Akoda

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