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Burundi Tax on Interest Calculator
The Burundi Tax on Interest Calculator is designed to allow free online calculations for residents and non-residents who have accrued income from interest in Burundi. The calculator allows quick interest tax calculations and more detailed interest tax calculations with multiple line items so that you can calculate the total tax due on several income sources (savings accounts for example) that accrue interest in Burundi in 2023. This calculation provides you with two important pieces of financial information, the first is the amount of tax you owe on interest accrued in Burundi, the second is the net amount fo interest accrued after tax which allows you to view exactly how your savings and investments in Burundi are performing. Once you have calculated the interest 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 Interest in Burundi
You can calculate Tax on Interest in Burundi by multiplying the interest acrued by the appropriate interest tax rate. We have included the tax on interest formula for Burundi so that you can calculate the interest tax manually or update your systems with the relevent interest tax rates in Burundi. The latest interest tax rates in Burundi for 2023 are displayed in the table below the Tax on Interest formula. For those who prefer to use the Burundi Tax on Interest Calculator rather than calculate the tax manually, we have included a step-by-step guide to using the calculator for quick Interest Tax calculations and more detailed Interest Tax calculations which allows for multiple saving and investment sources (see the guides under "How to use the Burundi Interest Tax Calculator").
Burundi Tax on Interest formula
The tax on interest accrued in Burundi is calculated using the following tax formula:
Where:
- a = The interest earned that is subject to tax in Burundi.
- b = The relevenat rate of interest tax in Burundi associated with residence.
Interest Tax Rates in Burundi
The table below specifies the relevent interest tax rates applicable in Burundi, these were last updated in line with the published interest tax rates in 2023.
| Interest Tax Rate | Interest Tax Description |
|---|---|
| 15% | Resident |
| 15% | Non Resident |
How to use the Burundi Interest 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 interest tax online with the Burundi Tax on Interest Calculator covers all the functions within the interest tax calculator:
How to complete a Quick Interest Tax Calculation
- Select Normal View or Full Screen View.
- Select "Quick Interest Tax Calculation".
- Enter the Interest Accrued.
- Select the appropriate tax rate for your residence status.
- Press "Calculate Tax on Interest".
The Burundi Tax on Interest Calculator will provide a table which details the name of the interest (bank, savings account etc.), the interest tax due and the net value of interest earned in Burundi. You can print/email this table as required.
How to complete a Detailed Interest Tax Calculation
- Select Normal View or Full Screen View.
- Select "Detailed Interest Tax Calculation".
- [Optional] enter the name of the bank/source for which you wish to calculate tax due on interest.
- Enter the amount of the Interest Accrued.
- Select the relevent residence rate that applies to your interest accrued in Burundi
- Click "Add to Tax on Interest Table"
Burundi Tax on Interest Calculator will add your interest earned to the Burundi Tax on Interest Table. You can then add more accounts where interest 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 interest 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 Interest Table, click on the "Del" button adjacent the line entry that you wish to remove. When items are removed from the Tax on Interest table, the calculator will automatically update the associated figures and recalculate the tax, net incomes etc.
Please note that the Burundi Tax on Interest 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 Interest Table. This is useful if you need to check the net interest amount on a specific savings account etc. before adding it to the list of items in the Tax on Interest table.
More Good Calculators for Burundi
If you found this information about tax on interest accrued in Burundi useful and liked our free online Tax on Interest calculator for Burundi then you will probably find the following calculators and supporting Burundi tax tables useful.
- Burundi 2023 Income Tax Calculator
- Burundi 2022 Income Tax Calculator
- Burundi 2021 Income Tax Calculator
- Burundi 2020 Income Tax Calculator
- Burundi 2019 Income Tax Calculator
- 2023 Income Tax Rates and Thresholds
- 2022 Income Tax Rates and Thresholds
- 2021 Income Tax Rates and Thresholds
- 2020 Income Tax Rates and Thresholds
- 2019 Income Tax Rates and Thresholds