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Finance Law 2013 – direct taxation

04 May 2013

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Approved Changes

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Togo

The Finance Law for 2013 was enacted by the parliament on 29 December 2012. Details of the Law on direct taxation, which unless otherwise indicated apply from 1 January 2013, are summarized below. -   The corporate tax rate is reduced from 30% to 29%. -   The withholding tax rate on income from movable capital derived by resident and non-resident persons is reduced from 15% to 13%. -   The branch profit tax rate is reduced from 15% to 13%. -   The minimum lump-sum tax rates are increased. -   The payroll standard tax rate is reduced from...