- Finance Law No 042-2023/ALT adopted by Parliament in Burkina Faso
- Amendments effective from 1 January 2024
- Decrease in tax rate on financial activities from 17% to 15%
- Introduction of specific tax on cement at rate of CFA2,000 per ton
- Extension of VAT exemption to sales and imports of cement subject to specific tax
- Exemption from VAT and custom duties for construction materials for real estate development
- Extension of tax on telecommunications to enterprises promoting electronic money and money transfers
- Adjustment of consumption tax by extending special contribution to enterprises’ profits
- Reduced rates for real estate transfer fees in certain cities and municipalities
Source: ensafrica.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
