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14.3. Calendar of Important Compliance Events

Tax Year

The tax year is the calendar year. However, a different 12-month period is permitted subject to approval by the tax authorities. The approval is made conditional on the taxpayer maintaining accounting records under the Burundi Accepted Accounting Plan and demonstrating an acute need to modify the tax year. If the request is approved, the period running from 1 January until the date of commencement of the new diverging tax year is treated a separate tax year.

The 2018-19 budget amended the fiscal year in order to align with that of the East Africa Community (EAC). Accordingly, effective from 1 July 2018, Burundi’s tax year will run from 1 July to 30 June.

Tax Return Filing

The annual tax return must be filed within 3 months from the end of the relevant tax year i.e. 31 March for the calendar year returns.

Effective from January 2017, a taxpayer is required to obtain a TIN assigned by the Investment Promotion Agency. Taxpayers whose TIN was issued previously by the revenue authorities have a time period of 12 months to obtain a new TIN, while those who do not have a TIN as of 1 January 2017, have six months for obtaining a TIN.

Tax Payments

Advance tax is payable in 3 equal installments of 25% each of previous year’s CIT. It is payable on 30 June, 30 September and 31 December. The balance of tax due after deduction of advance tax is payable at the time of filing the annual tax return.

Availability of E-Filing