Togo: Government exempts several consumption goods from VAT to ease the high cost of living

Economic governance
Thursday, 19 May 2022 12:14
Togo: Government exempts several consumption goods from VAT to ease the high cost of living

(Togo First) - Several consumer goods, imported or sold in Togo, have been exempted from value-added tax (VAT). Sani Yaya, minister of economy and finance, issued a statement in this framework last Tuesday, to inform relevant departments, including the Togolese Revenue Office (OTR), of the change.

Products concerned by the exemption include wheat flour (in 50 Kg bags), imported exclusively by SGMT (Société des Grands Moulins du Togo) and SMMT (Société des Moulins Modernes du Togo), palm oil, sweetened condensed milk in 160g cans, unsweetened milk in 1kg cans, crude palm oil and concentrated tomatoes (in 70g cans).

The Togolese government’s decision comes in a global and local context marked by high living costs and rising prices of products. 

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