Page 44 - Nexia SAB&T Africa Overview 2025

Togo (GMT)

General:
▪ Capital City: Lomé
▪ Official Language: French
▪ Currency: West African CFA Franc (XOF)
▪ Main Exports: Re-exports, coffee, cocoa, maize, cotton, phosphates
▪ Surface Area: 56.8 sq. km (thousands)
▪ Population: 9,7 million (2025,est)
Key Economic Indicators:
▪ GDP $9,8 billion (2023) / GDP Growth Rate: 5.3% (2024)
▪ CPI Inflation Rate (annual): 2.3% (2025)
▪ Sovereign Credit Ratings: Moody’s: B3, S&P: B, Fitch: Not rated (High Credit Risk)
▪ Indicator of Economic Freedom Score: 52.3/100 (2025): Mostly Unfree
Exchange Controls:
▪ Exist
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Togo-source income
▪ Non-residents: Togo-source income
Tax Rates:
▪ Individuals: Progressive rates to 35%
▪ Companies: 27%
▪ VAT: 18%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: In place with several countries

Useful links:
▪ Togo Revenue Authority http://www.otr.tg
▪ Central Bank of West African States http://www.bceao.int
▪ Ministry of Finance http://finances.gouv.tg

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