Government introduces new tariffs for motor vehicle tax

Transport

Tuesday, 19 January 2021 14:48

Government introduces new tariffs for motor vehicle tax

(Togo First) - Two years after its last update, the motor vehicle tax has been amended again. The move aligns with Togo’s new finance law and it will introduce new tariffs for certain types of vehicles.

The news was disclosed on January 18 by the Togolese Revenue Office (OTR). According to the latter, the tax measure concerns tricycles, trucks, vans, road tractors, as well as some bikes, especially those over 125cm3.

The tax is payable in full, once a year. It varies between 15,000 FCFA for motorcycles over 125cm3 to 65,000 FCFA for trucks over 12 tons, i.e. a 50% cut (compared to 130,000 FCFA previously).

Likewise, the new tariffs are reduced by 50% for those liable for the Single Business Tax (TPU) in the road transport sector, according to the Togolese Revenue Office (OTR).

As a reminder, in Togo, 85% of the motor vehicle tax earnings goes to the Autonomous Road Maintenance Financing Company (SAFER).

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