These were the top 5 taxes paid in Togo in 2017

Public finance
Monday, 14 October 2019 16:05
These were the top 5 taxes paid in Togo in 2017

(Togo First) - In 2017, the five most paid taxes (out of 20) were VAT, customs duties, corporate tax, excise duties, and personal income tax, according to a recent World Bank study. These taxes represented 88.5% of all tax income collected by the country over the period.

In detail, VAT contributed 43.1% of the revenues, while customs duties, corporate tax, excise duties, and personal income tax respectively represented 16.6%, 11.4%, 6.6%, and 6.4%.

The sixth-largest source of tax income is registration duties which contributed 2.6% of these revenues.

Other taxes paid are payroll taxes (0.7% of tax revenues), turnover taxes (0.7%), diverse tax income (0.5%), tax on gambling (0.3%), and the built property tax (0.2%). The single business tax (SBT), which became patent this year, represented only 0.1% of tax revenues.

Ayi Renaud Dossavi

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