Togo’s tax earnings surged 70% since 2014

Economic governance
Saturday, 15 January 2022 13:40
Togo’s tax earnings surged 70% since 2014

(Togo First) - Between 2014 and 2021, taxes collected by the Togolese tax office (OTR) surged by 70% - from 458.2 billion to 780 billion CFA, respectively. This represents an average increase of 6.87% per annum.

Overall, though there was an increase in 2017 and 2018, the OTR performed less. The institution collected CFA563.2 billion in 2017 (around 5 billion less than it did in 2016) and 560.5 billion the following year. The reason for the drop was political and social unrest.

There was however a rebound amid the Covid-19 pandemic with 780 billion mobilized last year, compared to 655 billion in 2020. 

Overall, the year 2021 was “exceptional regarding the mobilization of tax and customs revenues,” according to Philippe Kokou Tchodie, commissioner-general of the OTR. The country, he added, recorded a good performance amidst a health and economic crisis, challenges facing businesses, especially MSMEs and public companies - a prowess owed to several efforts made by the government. However, there was a hike in the prices of consumption goods near the end of 2021. 

Regarding expectations for this year, the government hopes to collect CFA814 billion to finance its budget.

Ayi Renaud Dossavi

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