Togo: Soon a new customs code to boost tax revenues will be adopted

Economic governance
Tuesday, 12 June 2018 16:55
Togo: Soon a new customs code to boost tax revenues will be adopted

(Togo First) - Adoption process for a new customs code has started. On June 11, 2018, deputies started a plenary session to study the document.

According to credible sources, the new bill should complete and amend that of April 24, 2014. Among new measures to be added include that regarding disposal of seized or abandoned goods. Others relate to tax evasion and other types of infringement, as well as to declaration control after clearance.

The adoption of the new code falls under a battery of reforms implemented by Togo’s Revenue Office (OTR) to boost tax and custom revenues for the benefit of State budget and local communities.

Séna Akoda

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