Togo was losing around CFA 6 billion on beer and tobacco imports, before the automated branding system arrivedACTA
Before the automated branding system was introduced, respectively 80% and 40% of the beer and tobacco products that were imported and sold in Togo evaded control by the tax administration. The information was reported by Africatimes.
The news outlet said Togo lost over CFA3.5 billion and CFA2.5 billion as a result of the products mentioned not being taxed. Combined, this sum makes nearly 41% of the fiscal gap recorded by the country yearly (on consumption goods).
The automated branding system is mainly used by water and drink companies set up in Togo. With this system, the Togolese tax office started, last July 1, checking for branding on imported products, at borders and internal sales points. The system was developed by SICPA, a Swiss firm.
Source: Togo First