If you want to open a new company location in Togo, you have a lot to look forward to, but you also need to determine how you will set up and manage your payroll.
Setting up your Togo payroll will be one of your first steps after establishing a subsidiary. You need a payroll to hire employees and pay them, but you may not understand the country’s tax regulations enough to stay compliant. That’s where G-P can help. We offer Togo payroll expertise and guidance to companies wishing to compliantly expand without the hassle of setting up a subsidiary.
Taxation rules in Togo
Companies in Togo have to pay a standard tax rate of 27%. Employers also need to contribute 17.5% of employees’ monthly gross salary to social security. Keep in mind that all registered entities have to register for taxes with the Togolese Tax Authority and file annual returns each year by March 31.
Togo payroll options for companies
You can use one of several Togo payroll options to pay employees, including:
- Internal: You can use an internal payroll to pay employees as long as you have the staff and resources to do so. This option requires a full HR team with expertise to make sure you stay compliant.
- Togo payroll processing company: A third-party Togo payroll processing company will help you outsource your payroll. However, your company will still need to worry about compliance.
- Employer of Record (EOR): Finally, you can opt for partnering with a EOR like G-P in Togo. G-P backs its platform with the largest team of HR and legal experts to ensure your payroll setup and management is compliant and accurate. That means you can focus on growing your global teams.
How to set up a payroll in Togo
If you expand on your own, you’ll have to set up your own subsidiary before choosing a Togo payroll option. By the time you complete all aspects of the incorporation process, it could be months from when you started. Working with a Togo EOR like G-P allows you to skip entity setup and begin operations in a new country starting in just minutes.
Entitlement/termination terms
You should always include entitlement and termination terms in your employment contract before setting up your payroll to make sure both parties are on the same page. Termination can happen by the will of either of the parties in Togo as long as the party gives notice. All dismissals need to be confirmed in writing within 8 days.
Streamline global payroll management with G-P.
G-P streamlines each step of the payroll management process with our market-leading global employment platform. Pay your team with confidence anywhere in the world in 150 currencies with our 99% on-time automated payroll system — all with just a few clicks. Our products also integrate with leading HCM solutions, syncing employee payroll data across platforms automatically to create one reliable, convenient source of truth for HR teams.
Contact us to learn more about how we can support you.