Togo Proposed Budget Measures for 2017

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…