Togo: Since 2005, tax and customs income have almost quadrupled

Economic governance
Tuesday, 04 February 2020 16:39
Togo: Since 2005, tax and customs income have almost quadrupled

(Togo First) - Between 2005 and now, tax and customs earnings have almost quadrupled - a performance which was driven by the merging of both authorities managing these revenues. 

Indeed, in 2005, tax and customs income were at XOF162 billion. However, they grew steadily - by 10% average per year - to reach XOF624 billion last year. This made Togo the only WAEMU state to reach a tax to GDP ratio of more than 20%, according to the Central Bank of West African States (BCEAO).

The improvement in tax and customs earnings are attributed to multiple reforms introduced by the Togolese Revenue Office - OTR. The latter started operations in 2014 and before that, taxes and customs were struggling to take off. Regardless, in 2015, they passed XOF500 billion and reached their peak in 2019: XOF624 billion. This last performance represents an increase of more than XOF200 billion compared to figures recorded before 2015. 

Besides the OTR’s reforms, another factor that helped boost tax and customs revenues is a good economic environment, with the exception of H2 2017 and Q1 2018 where the country experienced some political tensions.

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