A country’s customs agencies collect import duty, which is a tax, on imports and some exports. The import duty is often determined by the item’s worth. A customs duty, tariff, import tax, or import tariff may also be used to refer to import duty, depending on the situation. Burkina Faso’s latest LCU for customs and other import charges was 191,258,000,000 as of 2019. Customs and other import levies are all taxes taken on imports of goods or from nonresidents who provide services to citizens. They consist of levies set up on an ad valorem or specified basis for income or protection as long as they are limited to imported products or services. According to the World Bank’s collection of development indicators, which is derived from officially recognized sources, customs and other import charges (% of tax income) in Burkina Faso were recorded at 13.25% in 2020. The World Bank provided the actual numbers, historical data, forecasts, and estimates for Burkina Faso’s customs and other import charges (as a percentage of tax revenue) in September 2022. The details given here outline the paperwork that Burkinabe importers must present to customs officers for their imports to be cleared.
Documents needed to pay import taxes
Depending on the country of origin or destination, the documents may frequently change. To meet the regulations of the import or export country, the documentation might need to be written differently. For efficient import and export processes, it’s crucial to understand the proper paperwork. Almost everywhere in the globe, the documentation process for importing items is the same. In nearly all areas, the certificates and licenses needed to import products and services are the same throughout all WTO nations. The process is as follows:
Sign up for the business registry to get the merchant card
Enrolling in the business register and obtaining the merchant card are prerequisites for obtaining export importer status in Burkina Faso. By meeting the standards set forth by the Burkina Faso government, any legal company that has registered with the country’s tax administration may launch a suitable business and engage in foreign trade.
Customs in Burkina Faso is in charge of:
- Collecting excise taxes and all customs taxes on imported commodities.
- Ensuring the genuineness and quality of the products.
- Preventing trade and promoting legitimate trade.
The normal trade policy of the Burkina Faso government determines:
- The import paperwork is needed in that country.
- The types of imported goods as well as particular goods imported to Burkina Faso.
The documentation necessary for import into Burkina Faso to accept import cargo is also based on the country’s product importation policies, multilateral, bilateral, or unilateral trade agreements, and other trade policies. There are typically three stages to the import process in any country. Import clearance procedures, documentation needed for the importation, and a one-time enrollment technique for obtaining import permits. Once-off registration processes to function as an importer in the country of import, a specific import license to bring products into the country of import, if applicable, and, in some cases, specific certification from relevant government agencies of the country of import connected to each import.
Customs clearance processes for imports
Customs clearance procedures for imports in the importing nation. Import cargo is unloaded by a carrier at the customs bonded area of the importing country once it arrives at the harbor or airport of the importing country. To take delivery out of other customs zones of the importing country, a required customs import procedure must be finished. To accept import clearance cargo delivery from the customs-bonded region of the importing country, three types of approvals are often needed. They are authorization from the customs officials of the nation of import, authorization from the carrier of the products, and authorization from the person in charge of cargo handling at a specific port of entry into the country of import.
