From Togo First website13 Oct 2020 12:36
Togo First) - While the country still draws little benefit from its mining assets, the Togolese Revenue Authority (OTR) is leading the way in "maximizing tax revenues from mining activity in Togo".
To achieve this, the Togolese tax authorities plan to upgrade their agents in the control of mining production and the assessment of loss rates during mining. The purpose of the office is to improve the capacity of its officers in fiscal auditing of mining industries.
This OTR strategy appears to be consistent with the new mining policy, the broad outlines of which were defined in the bill adopted by the Council of Ministers which will have to modify the mining code in force. One of the major innovations contained in this document, which Parliament is expected to consider soon, is that fixed rights and mining royalties have been revised to allow Togo to derive more income from its mining potential.
According to available data, in 2017, the overall revenues generated by the sector were around 15 billion FCFA (taxes and royalties) for the benefit of the State and 932 million FCFA for social payments.
Up to the end of April 2020, 73 mining titles had been awarded to 67 companies, according to data recently released by the Ministry of Energy and Mines.