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Burkina Faso Tax Amendments for 2019

31 January 2019

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Approved Changes

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Burkina Faso

Burkina Faso's Finance Law for 2019 was issued on 18 December 2018. The main amendments are summarized as follows: The payment of VAT is required on the date of receiving an advance payment with respect to the supply of services as well as real estate work, even though the services or work are not yet completed; The withholding tax on domestic sales of locally manufactured drinks is increased from 2% to 5%; The scope of the fixed (XOF 6,000) and proportional (5%) registration duties on the transfer and concession of IP rights is amended to only refer to "IP rights"...