Burkina Faso has introduced various tax changes for 2020 through the Finance Law for Execution of the 2020 Budget, which was reportedly adopted in parliament on 5 December 2019 and subsequently enacted. The main amendments are summarized as follows:
- The rule limiting the deduction of royalties paid to related parties for licenses, patents, trademarks, manufacturing processes or formulas, and other similar rights are amended to provide that the limit is equal to 3.5% of turnover (excluding VA…