Togo’s Revenue Office to release up-to-date directory of tax-compliant businesses

Economic governance
Wednesday, 17 April 2019 14:32
Togo’s Revenue Office to release up-to-date directory of tax-compliant businesses

(Togo First) - From now on, Togo’s Revenue Office (OTR) will issue on a quarterly basis a directory of businesses fiscally up-to-date. This was revealed at a press conference held last Friday.

The directory was established using a single IT system for the management of tax and fiscal registry, recently developed by the OTR. The document aims “at fostering justice, tax equity, and retaining legitimate and corporate businesses,” according to the tax revenue office.   

In addition, the tool will promote tax compliance, and allow firms that are up-to-date fiscally “to have their reputation boosted.”

It should be noted that all firms that are not on this directory will pay an additional 15% on customs value of goods they import. This measure will take effect starting next May 2, deadline for businesses that are not yet up-to-date fiscally to settle their tax obligations. 

Ayi Renaud Dossavi

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