Togo cuts single professional tax by 90%

Economic governance
Wednesday, 20 January 2021 18:07
Togo cuts single professional tax by 90%

(Togo First) - In line with the 2021 finance bill, Togolese craftsmen and micro-entrepreneurs operating in the informal sector will pay only CFA20,000 for the single professional tax (TPU), under the declarative region. The tax which cost 300,000 in 2020 was cut by 93% for the current year. 

According to the Togolese Revenue Office, the reduction aims at aligning this tax with the minimum amount the Togolese tax authority collects from those covered by the real regime. 

The TPU, let’s recall, is a single tax combining various taxes such as the VAT and the personal income tax (IRPP). Based on the new rules of the General Tax Code, it is exclusive to individuals with an annual turnover that is equal to or less than CFA60 million, regardless of the business they run.

Séna Akoda

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