- The value-added tax in the hospitality sector in Togo has been raised back to 18% from the reduced rate of 10% during the Covid crisis.
- The increase in tax rate is attributed to the strong recovery of the hospitality sector between 2020 and 2022.
- Togo’s top 10 hotels saw a turnover surge of 140% during this period.
- The lifting of health restrictions allowed hotel activity to return to normalcy and major events to be held in the capital, Lomé.
- The government also raised the tax to re-balance public finances and ensure fair competition with other sectors.
Source: togofirst.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
