Tax rate for energy storage battery exports from Burkina Faso

How are imports taxed in Burkina Faso?

Imports are also subject to a statistical royalty (1%), a community solidarity tax (1%), and a CEDEAO community tax (0.5%). A resident corporation is subject to tax on income from movable capital on a worldwide basis. Other types of taxable income are taxed at source. Non-residents are taxed only on Burkina Faso-source income.

What happens if a taxpayer is not established in Burkina Faso?

When a taxpayer is not established in Burkina Faso, he must have a representative domiciled in Burkina Faso accredited with a tax department who undertakes to complete the formalities incumbent on this taxpayer and to pay the tax in his place.

Are non-residents taxable in Burkina Faso?

Non-residents are taxed only on Burkina Faso-source income. An entity incorporated in Burkina Faso is considered resident for tax purposes. The Burkina Faso-source income of branches of foreign companies is subject to a branch withholding tax rate of 12.5%. The taxable base applies to 75% of the annual income of the branch.

Does the United States support energy transactions in Burkina Faso?

In addition, various firms have received U.S. Embassy support to move transactions forward. The page below gives an overview of the energy sector in Burkina Faso, and lists Power Africa’s financially closed transactions in the country, some of which are already online and generating critical electricity supply for the people of Burkina Faso.

What goods are taxable in Burkina Faso?

Goods imported into Burkina Faso are normally subject to customs duties. Special duties are levied on the following goods: beverages, tobacco, perfume and cosmetic products, non-biodegradable plastic packaging and bags, petroleum products, coffee and tea, kola nuts and passenger vehicles with a power that is to equal or greater than 13 horsepower.

What is taxable income in Burkina Faso?

The Burkina Faso-source income of branches of foreign companies is subject to a branch withholding tax rate of 12.5%. The taxable base applies to 75% of the annual income of the branch. Capital gains arising from the disposal of fixed assets and shares normally are included in taxable income, but only at half of the total amount.