The General Commissioner of the Togolese Revenue Office (OTR), Philippe Kokou Tchodie, has announced a significant measure aimed at boosting the importation of new vehicles and the renewal of the automotive fleet in Togo.
From September 20 to December 20, 2023, OTR is launching a campaign to reduce customs clearance fees for vehicles and goods. This initiative is in line with the provisions of Article 15 of Law No. 2018-007 of June 25, 2018, which establishes the National Customs Code.
The primary objective of this measure is to decongest customs storage facilities and warehouses by encouraging economic operators to consider placing new orders for new vehicles. This policy aims to invigorate the automobile market while promoting the modernization of the Togolese automotive fleet.
Philippe Kokou Tchodie, the General Commissioner of OTR, emphasized in the official statement that “all persons benefiting from this depreciation measure must assert their right no later than December 31, 2023, through the liquidation and effective payment of the duties owed.” He also warned that after this date, the granted depreciation will be automatically canceled. This condition is intended to ensure that beneficiaries of the measure act promptly to take advantage of this fiscal opportunity.
While this move has sparked a debate about its long-term economic impact, it is seen as a significant incentive for economic operators in the automotive sector and for individuals looking to replace their vehicles. It could also contribute to reducing the average age of the automotive fleet in Togo, which can have significant benefits in terms of road safety, energy efficiency, and greenhouse gas emissions reduction.
