The Togolese Revenue Office (L'Office Togolais des Recettes - OTR) has published an Extract of the Finance Law for 2022 containing the amendments made to the General Tax Code and the Book of Tax Procedures, as well as an overview of the main tax changes. Some of the main tax changes include the following:
In addition to the above, several changes are made to clarify and strengthen the transfer pricing documentation requirements:
Note, Togo's transfer pricing documentation requirements were introduced from 2020 for companies with annual turnover or gross assets exceeding 20 billion CFA francs. The requirements also apply for companies that directly or indirectly own or control a company exceeding the 20 billion threshold and companies that are directly or indirectly owned or controlled by a company exceeding the 20 billion threshold.