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The approved banks are authorized to validate the models "A" for imports whose
C&F value does not exceed USD 5.000, the travel expenses, the care of health,
the school fees, the transfers of salaries and retro-transfers. By the expenses,
we understand the expenses of official missions, the journeys for commercial contacts,
visits, tourism and holidays, installations of the diplomats and the international
civil servants and finally supplement at the expense of mission.
Any deal concluded in Burundi and concerning possessions situated in Burundi or
services returned to Burundi cannot be drawn up in foreign currencies, except
special dispensation of the Bank of the Republic of Burundi.
The demands of transfer towards the foreigner are presented on an entitled form
" Model A ". They are introduced to approved banks for treatment and the files
with which they are not authorized to deal are passed on to the BRB.
For the imports
on model "A", documentary evidences have to reach the Bank in charge within 3
months to pass on them in the BRB.
The demands of travel expenses for official missions must be introduced by the
employers.
The children of less than 10 years cannot benefit from the exchange.
The standards,
the documents required as well as the amount authorized for every type of expenses
are fixed by the BRB and can be communicated to the customer on inquiry.
The
authorization of transfer of the professional incomes is granted to the foreign
physical persons who do a professional activity in Burundi.
The authorization of transfer of the consular receipts is granted to Embassies
and Consulates without conditions.
The payment of foreign capital, the percentages and remunerations paid to the
administrators and the foreign auditors residents and non-residents are transferable
after payment of the taxes. The queries of authorization of transfer must be introduced
before September 30th by the fiscal executive during which the tax collection
took place.
The companies which transfers from abroad the capital intended to replace their
working capital benefit of a retro-transfer guarantee.
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