Tax rate for solar container battery exports from Burkina Faso

4 FAQs about Tax rate for solar container battery exports from Burkina Faso

What are the import tariffs in Burkina Faso?

The import tariffs in Burkina Faso can range dramatically depending on the product category. For example, essential goods such as food items may attract lower tariffs, while luxury items often face higher rates. Specifically, the tariff rates can be as low as zero percent for certain agricultural products to upwards of 30 percent for electronics.

What are Burkina Faso's import and export regulations?

When engaging in import and export activities in Burkina Faso, traders must adhere to a range of regulatory compliance requirements. These regulations are designed to ensure the integrity of international trade and protect the interests of the nation and its economy.

Are business profits taxable in Burkina Faso?

Resident corporations are subject to corporation tax on a territorial basis, therefore only the profits realized from operations in Burkina Faso are subject to taxation. Profits taxable in Burkina Faso also include business profits atributed to resident companies by international double taxation treaties.2 2 General Tax Code, Art. 46(1).

How is import tax calculated in Burkina Faso?

In the case of importation, the tax base corresponds to the customs valuation (price of sale of goods plus cost of insurance and transportation, etc. until arrival in Burkina Faso), plus any excise duties. VAT incurred on the acquisition of goods and services wholly attributable to the making of taxable supplies may be claimed as input tax.