Togo's Finance Law for 2019 (Law 2018-20) was signed by the president on 20 November 2018. The main tax amendment includes the introduction of a special tax regime to restructure (ownership change, alienation of assets, etc.) companies incurring economic difficulties. This includes, inter alia: A corporate income tax exemption on operating profits, capital gains, and reversal of provision expenses as well as non-recurrent gains; An exemption from payroll taxes; An exemption from the minimum tax; and An exemption from property taxes. These exemptions are subject to specific formal procedure and apply with effect for financial years beginning from 1 January...