Burundi Tax on Royalties Calculator
The Burundi Tax on Royalties Calculator is designed to allow free online calculations for residents and non-residents who have accrued income from royalties in Burundi. The calculator allows quick royalties tax calculations and more detailed royalties tax calculations with multiple line items so that you can calculate the total tax due on several income sources that accrue royalties in Burundi in 2021. This calculation provides you with two important pieces of financial information, the first is the amount of tax you owe on royalties accrued in Burundi, the second is the net amount fo royalties earned after tax. Once you have calculated the royalties tax due, you can print the document or email the tax document to yourself for later reference.
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How to calculate Tax on Royalties in Burundi
You can calculate Tax on Royalties in Burundi by multiplying the royalties acrued by the appropriate royalties tax rate. We have included the tax on royalties formula for Burundi so that you can calculate the royalties tax manually or update your systems with the relevent royalties tax rates in Burundi. The latest royalties tax rates in Burundi for 2021 are displayed in the table below the Tax on Royalties formula. For those who prefer to use the Burundi Tax on Royalties Calculator rather than calculate the tax manually, we have included a step-by-step guide to using the calculator for quick Royalties Tax calculations and more detailed Royalties Tax calculations which allows for multiple saving and investment sources (see the guides under "How to use the Burundi Royalties Tax Calculator").
Burundi Tax on Royalties formula
The tax on royalties accrued in Burundi is calculated using the following tax formula:
Where:
- a = The royalties earned that is subject to tax in Burundi.
- b = The relevenat rate of royalties tax in Burundi associated with residence.
Royalties Tax Rates in Burundi
The table below specifies the relevent royalties tax rates applicable in Burundi, these were last updated in line with the published royalties tax rates in 2021.
| Royalties Tax Rate | Royalties Tax Description |
|---|---|
| 15% | Resident |
| 15% | Non Resident |
How to use the Burundi Royalties Tax Calculator
You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Burundi Tax Calculator. The following step-by-step guides to calculating royalties tax online with the Burundi Tax on Royalties Calculator covers all the functions within the royalties tax calculator:
How to complete a Quick Royalties Tax Calculation
- Select Normal View or Full Screen View.
- Select "Quick Royalties Tax Calculation".
- Enter the Royalties Accrued.
- Select the appropriate tax rate for your residence status.
- Press "Calculate Tax on Royalties".
The Burundi Tax on Royalties Calculator will provide a table which details the name of the royalties (bank, savings account etc.), the royalties tax due and the net value of royalties earned in Burundi. You can print/email this table as required.
How to complete a Detailed Royalties Tax Calculation
- Select Normal View or Full Screen View.
- Select "Detailed Royalties Tax Calculation".
- [Optional] enter the name of the bank/source for which you wish to calculate tax due on royalties.
- Enter the amount of the Royalties Accrued.
- Select the relevent residence rate that applies to your royalties accrued in Burundi
- Click "Add to Tax on Royalties Table"
Burundi Tax on Royalties Calculator will add your royalties earned to the Burundi Tax on Royalties Table. You can then add more accounts where royalties was accrued as required. Each time you add new information, the total amount of tax due will be updated so you can see the total tax due, net income from royalties after tax in Burundi inclusive and exclusive of tax.
If you make a mistake or simply want to remove an entry from the Burundi Tax on Royalties Table, click on the "Del" button adjacent the line entry that you wish to remove. When items are removed from the Tax on Royalties table, the calculator will automatically update the associated figures and recalculate the tax, net incomes etc.
Please note that the Burundi Tax on Royalties Calculator is designed to allow you to toggle between quick and detailed calculations without losing any data that you add to the Detailed Tax on Royalties Table. This is useful if you need to check the net royalties amount on a specific savings account etc. before adding it to the list of items in the Tax on Royalties table.
More Good Calculators for Burundi
If you found this information about tax on royalties accrued in Burundi useful and liked our free online Tax on Royalties calculator for Burundi then you will probably find the following calculators and supporting Burundi tax tables useful.