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Togo's National Assembly Approves Finance Law for 2025

07 January 2025

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Approved Changes

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Togo

Togo's National Assembly unanimously approved the Finance Law for 2025 on 27 December 2024. The measures of the law reportedly include: The introduction of a minimum tax payment requirement for corporate and income tax advances, along with the inclusion of all income sources in the turnover calculation for the minimum flat-rate tax; The introduction of corporate tax requirements for electronic platforms generating income from Togolese sources; The exemption of newly established companies from the 25% profit cap on technical assistance fees and head office expense allocations for the first 12 months of operation; The revision of withholding tax rates on...