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Support for SMEs and SMIs in Togo: the government plans to provide tax relief in 2025

06/12/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The draft finance law adopted last week by the Council of Ministers indicates that the Togolese government plans to reduce the rates of excise duties applied to certain local products next year.

The measure taken by the Togolese government aims to stimulate local production and support the country's small and medium-sized enterprises and small and medium-sized industries (SMEs/SMIs), while offering them more advantageous fiscal conditions. Natural products from local SMEs/SMIs and certified by authorized state bodies will benefit from reduced excise duties between ᵉʳ January 1 and 31 December Old Style”, serif">é December 2025. ' According to the government, these è tax breaks will apply according to modalities: é s that will be defined by é an act r é glementary. According to the information, the decision marks an exemption from article 243 of the General Tax Code, which establishes excise duties on a wide range of products. By introducing these discounts for the products of local SMEs and SMIs, the government hopes to strengthen their competitiveness, encourage local transformation and boost the

national economy.
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