- - 69 - APPENDIX Summary of the Burundi Tax System (as of December 31, 2005) Tax Taxable Income Exemptions and Deductions Rates Applied Transactions tax (taxe sur les transactions) Assessed on the consumption of goods and services (MO No.540/1850 of 12/30/2005). The transaction tax is one of the self-assessed taxes that taxpayers must file on a monthly basis. • Equipment, inputs and spare parts imported by priority businesses. •
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- - 70 - APPENDIX Summary of the Burundi Tax System (as of December 31, 2005) Tax Taxable Income Exemptions and Deductions Rates Applied Professional tax on remuneration (impôt professionnel sur les rémunérations) Taxable incomes are those of individuals who are paid by a third party without being bound by a business contract. This self-assessed tax is withheld at the source by the employer and is paid each time the beneficiary is paid their salary. In addition to these types of regular income, professional income tax is assessed on some types of nonrecurring or occasional incomes. • Employees of embassies and international organizations covered under the Vienna Convention (diplomatic immunity). • Base rate deduction of FBu 480,000 per year; or •
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- 1/ No official National Accounts have been produced since 1998. However the authorities do provide estimates, based on expert judgment and the few statistics available, at the Ministry of Planning.
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- Abed, George, and Sanjeev Gupta (editors), 2002, Governance, Corruption and Economic Performance (Washington: International Monetary Fund).
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Alt, James E., and David D. Lassen, 2003, “Fiscal Transparency and Fiscal Policy Outcomes in OECD Countries,†Economic Policy Research Unit Working Paper, No. 2003-2 (Paris: OECD).
- As of January 2006, transport vehicles are no longer exempt from the transactions tax. • Inputs and equipment for agricultural and livestock activities. •
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- Blejer, Mario, and Ke-young Chu (editors), 1989, Fiscal Policy, Stabilization and Growth in Developing Countries (Washington: International Monetary Fund).
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- Calcoen, Nicolas (2004), “Rebuilding Fiscal Institutionsâ€, in Postconflict Economies in Sub-Saharan Africa: Lessons from the Democratic Republic of the Congo, ed. By Jean A. P. Clément (Washington: International Monetary Fund).
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- Gupta, Sanjeev, Benedit Clements, and Gabriela Inchauste, 2005, Helping Countries Develop: The Role of Fiscal Policy (Washington: International Monetary Fund).
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Hameed, Farhan, 2005, “Fiscal Transparency and Economic Outcomes,†IMF Working Paper, No. 05/225 (Washington: International Monetary Fund).
- International Development Association and International Monetary Fund, 2005, “Update on the Assessments and Implementation of Action Plans to Strengthen Capacity of HIPCs to Track Poverty-Reducing Public Spending,†FAD of the International Monetary Fund and PREM Sector Group of the World Bank, April 2005 (Washington: International Development Association and International Monetary Fund).
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- International Monetary Fund and the World Bank, 2003, “Public Expenditure Management—Country Assessment and Action Plan (AAP) for HIPCs,†PREM Sector Group of the World Bank and FAD of the International Monetary Fund, October 2003 (Washington: International Monetary Fund and the World Bank).
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Kopits, George, and Jon Craig, 1998, “Transparency in Government Operations,†IMF Occasional Paper No. 158 (Washington: International Monetary Fund).