Togo: Government to lower tax on motor vehicles amid price increase of petroleum products

Transport
Friday, 01 April 2022 03:15
Togo: Government to lower tax on motor vehicles amid price increase of petroleum products

(Togo First) - The government should soon lower the Tax on Motor Vehicles (TVM) on vehicles used to transport people and goods. The information comes from the recent meeting organized by the ministers of communication, trade, and transport with the media, in the wake of the increase in the price of petroleum products at the pump.

"The TVM will be scaled downwards for the transport of people and goods during the week, to relieve transporters, traders, and transport actors," said Atcha Dedji Affoh, the Togolese Minister of Transport.


During the meeting, his counterpart in charge of trade, Kodjo Adedze, announced "a battery of support measures," aimed notably at tackling speculation.

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