Burkina: Entry into force of new taxes to support the fight against terrorism

As of July 20, taxes will be levied on telephone services, on private television renewals and on the sale of land outside housing estates, in order to support the fight against terrorism, the AIB has learned.

The announcement was made Wednesday evening on public television by the Minister in charge of the Economy, Aboubakar Nacanabo.

According to Mr. Nacanabo, purchasers of telephony services will have to pay a tax of 5% per operation carried out.

A 10% tax will be applied for renewals at the level of private televisions, added the minister.

Aboubakar Nacanabo also indicated that for the transfer of land excluding subdivision before the notary or the bailiff, a contribution of 1% will be requested.

These measures derive from the vote on June 24, 2023 by the Transitional Legislative Assembly (ALT) and the promulgation on June 30 by President Ibrahim Traoré, of a law establishing special contributions on certain goods and services, for the benefit of the Patriotic Support Fund (FSP).

Aboubakar Nacanabo urged companies to pay back in full the amounts that will be deducted, for the purpose of the fight against terrorism.

The Minister thanked consumers who have mobilized since February, through the Patriotic Support Fund (FSP), nearly 30 billion FCFA thanks, in particular to levies on tobacco, alcoholic and non-alcoholic beverages.

He saluted the Defense and Security Forces (FDS) and the Volunteers for the Defense of the Homeland (VDP) who are paying with their lives to bring peace and social cohesion to Burkina Faso.

Source: Burkina Information Agency

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