The Togo Revenue Authority is the primary tax collection agency in Togo. It was established in 2013 and is responsible for collecting taxes, customs duties, and other forms of revenue for the government. The agency is headed by a Director General who is appointed by the President of Togo.
The agency has made significant strides in improving tariff collection in the country. In 2019, the agency collected over 500 billion CFA francs in taxes, an increase of over 10% from the previous year. This increase in revenue has allowed the government to invest in critical infrastructure projects, such as roads and hospitals, which has improved the quality of life for Togolese citizens.
To ensure that tariff collection is efficient and effective, the unit has implemented several initiatives, including the use of technology and the establishment of tariff collection centers in various regions of the country.
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Key partnerships of TRA
The Togo Revenue Authority has recently announced several key cooperations that will enhance its operations. These cooperations include partnerships with international organizations such as the World Bank and the International Monetary Fund. Through these partnerships, the agency aims to improve its tax collection and enforcement capabilities. A few of its partnerships are mentioned below.
Partnership with companies
The Togo Revenue Authority has partnered with several companies and businesses to improve its revenue collection efforts. One of the companies is the global payment technology company, Mastercard. The partnership with Mastercard has enabled the Togo Revenue Authority to introduce a new payment system that allows taxpayers to make payments using their Mastercard debit or credit cards.
Another company that has partnered with the Togo Revenue Authority is the telecommunications company, Togocom. The partnership has led to the introduction of a mobile payment system that permits taxpayers to pay their tariffs using their mobile phones. This has made it more convenient for taxpayers to pay their taxes and has also led to an increase in revenue collection.
Partnership with experts
The Togo Revenue Authority has been working with several experts to improve tax compliance and revenue collection in the country. These experts include tariff consultants, auditors, and legal experts who have been providing their expertise to the unit. The cooperation of these individuals has been instrumental in achieving the authority’s goals.
In addition to these professionals, the agency has also been working with taxpayers to encourage compliance. These efforts have led to an increase in voluntary compliance and a reduction in tariff evasion.
Services offered by TRA
The Togo Revenue Authority provides its inhabitants with a vast array of facilities. The most prominent services offered by the TRA are listed below:
Tax collection
OTR offers a range of levy collection services, including income tariff, value-added tax (VAT), and customs duties. The agency has a team of highly trained professionals who are dedicated to ensuring that taxes are collected fairly and transparently. OTR also provides taxpayers with a range of resources to help them understand their tariff obligations and to make the tax collection process as easy as possible.
Business registration
OTR does provide the service of business registration. This service is available to both local and foreign businesses operating within the country.
To register a business with the OTR, interested parties are required to provide certain documents such as a certificate of incorporation, a business plan, and proof of payment of registration fees. Once these requirements are met, the OTR will issue a business registration certificate which is valid for one year.
Tax audits
This service is offered to individuals and businesses to ensure compliance with tariff laws and regulations. During a tariff audit, the authority reviews financial records and other relevant documents to determine if taxes have been accurately reported and paid. By factually reviewing financial records, the agency ensures a smooth and efficient audit process.
Tax refunds
The division also provides the service of tariff refunds. This service is available to companies who have overpaid their taxes or have been subject to double taxation. The process for obtaining a levy refund involves submitting a formal request to the agency along with supporting documentation such as tax receipts and bank statements.
To apply for a tax refund, individuals and businesses must first ensure that they are eligible for the service. Once eligibility has been confirmed, the applicant must submit a formal request to the unit, which will be reviewed by a team of levy professionals.
Tax exemptions
The authority is committed to helping taxpayers navigate the levy exemption process and ensuring that those who qualify to receive the benefits they are entitled to. Tax exemptions are an important tool for promoting economic growth and development. By providing levy relief to eligible individuals and companies, the agency is helping to stimulate investment and create jobs. Levy exemptions also help to reduce the tax burden on those who are most in need, such as low-income families and small businesses.
