Togo : OTR acquaints notaries with the new general tax code

Economic governance
Monday, 11 February 2019 17:10
Togo : OTR acquaints notaries with the new general tax code

(Togo First) - Last Thursday, Togo’s Revenue Office (OTR) carried out a meeting with the country’s notaries to get them acquainted with the new general tax code of fiscal procedures in force.

The new code includes new initiatives such as a single land desk, a single land transfer fee set at CFA35,000, new modalities for property transfers, among others. These innovations, according to the tax commissioner, Adoyi Esso-Wavana, “profit the people, applicants, and most importantly youths interested in starting a business”.

Taking land for example, the tax commissioner indicated that under the best conditions and with respect to the government’s instructions, the new measures should allow an applicant to get a land title within six months.

Ayi Renaud Dossavi

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