The Finance Bill for 2017 is reportedly before Togo's National Assembly (parliament). The bill includes tax rate changes, as well as certain BEPS and transfer pricing-related changes. The main measures are summarized as follows:
Tax Rate Changes
- Reducing the corporate income tax rate from 29% to 28%;
- Increasing the withholding tax rate on royalties and services from 15% to 20%; and
- Introducing a reduced value added tax (VAT) rate of 10% on basic commodities and certain services.
BEPS an…