Online Calculators since 2009
Calculate your take home pay in Burkina Faso (that's your salary after tax), with the Burkina Faso Salary Calculator. A quick and efficient way to compare salaries in Burkina Faso, review income tax deductions for income in Burkina Faso and estimate your tax returns for your Salary in Burkina Faso. The Burkina Faso Tax Calculator is a diverse tool and we may refer to it as the Burkina Faso wage calculator, salary calculator or Burkina Faso salary after tax calculator, it is however the same calculator, there are simply so many features and uses of the tool (Burkina Faso income tax calculator, there is another!) that we refer to the calculator functionally rather than by a specific name, we mention this here to avoid any confusion.
Burkina Faso is an African nation, landlocked and surrounded by 6 other nations. With an estimated population of over 20 million, the country's economy is primarily based on subsistence farming and livestock rising. Over 80% of its population relies on subsistence agriculture.
In Burkina Faso, the Ministry of Economy and Finance oversees administration of tax collection under colonization. It also handles the country's economic, finance and budgetary policies along with regulation of economic activity. The Ministry of Economy and finance has some 3500 public officials throughout the country. The regional directors working for the department exercise jurisdiction over three or four provinces on average.
Burkina Faso provides an online portal for The Ministry of Economy and Finance.
Contribution to direct taxes is relatively low in Burkina Faso. There are several groups of direct and indirect taxes levied on individuals and corporate. This includes VAT, social security, and custom & excise duty. Let's have a look at these taxes in detail:
The tax year in Burkina Faso runs from December to December. Annual tax returns should be filed by 30th April of the subsequent year. Income tax brackets for citizens and expats are slightly different. Citizens pay tax up to 25% on any earned income, whereas expatriates pay income tax up to 27.5% on earned income.
Citizens of Burkina Faso are taxed using income tax brackets, any individual earning income more than ₣360,000.00 should be registered as a taxpayer and file income tax returns. Burkina Faso follows progressing tax system for all taxable income types, the latest personal income tax rates for Burkina Faso residents is available here.
Expatriates (Expats) working in Burkina Faso pay income tax up to 27.5%. The latest personal income tax rates for Burkina Faso Expats is available here.
Expatriates are also subject to tax on income from real estate between 18% and 25%, depending on the value of the property.
Several deductions are available to taxpayers such as family allowance and transport allowance, also civil and military pensions and severance pay are offered by the administration.
Professions considered as non-commercial include:
Taxable professions for this category of tax, (that is earned from sources other than professions mentioned above) are:
The tax rates applicable for non-commercial professions are inline with the latest personal income tax rates for Burkina Faso non-residents which is available here.
Like a tax on agricultural and commercial profiles, this tax regime also neglects income less than ₣1,000.00 and offers a 30% tax discount for adherents of approved management centers.
The standard rate of corporation tax for companies registered in Burkina Faso is 27.5%, this applies to all profits. A resident company is subject to tax on income from movable capital on a worldwide basis. All other types of taxable income are taxed at source. Nonresidents are charged taxes only on income source based in Burkina Faso.
An entity is considered tax residents upon incorporation in Burkina Faso. The branches of foreign companies are subject to an additional branch withholding tax of 12.5% on the tax base of 75% of the branch's income.
Taxable products include:
The following are exempt from corporate tax:
In Addition to these new companies enjoy exemption of minimum fee for the first year of operation.
Capital gains on disposal of fixed assets and shares are included in taxable income. However, only 50% of the income is considered in the calculation and can be calculated using the Burkina Faso Capital Gains Tax Calculator. Capital gains from mergers and contribution of assets are exempt from corporate tax.
Other corporate taxes include:
Small industries and new small business are exempt from business tax in the first two years of the operation. This is effective from the start of their activity that is duly noted by the tax authorities.
Small businesses adhering to approved management centers can also enjoy these tax benefits:
Consumption taxes in Burkina Faso are mainly collected in two different ways:
VAT applies to businesses at a standard rate of 18% and can be calculated online using the Burkina Faso VAT Calculator. Companies subject to VAT in Burkina Faso and details of VAT exemptions are available in the latest Burkina FASO tax tables These businesses include:
All goods imported to Burkina Faso and generally subject to custom duties. Custom duties are also set as at the standard rate of 18%. Special duties are levied on:
This tax is levied on individuals that:
The tax rates applicable for agriculture, industrial and commercial profiles are inline with the latest personal income tax rates for Burkina Faso non-residents which is available here.
Taxable income of less than ₣1,000.00 is neglected. Additionally, adherents of approved management centers enjoy a 30% discount on income tax.
Taxable products are:
Payroll tax or employer tax is paid by any person or organizations that pay salaries, allowances, emoluments and benefits of other kinds.
Tax rate base is set at the standard 4% of gross salary. Adherents of approved management centers enjoy a 20% discount on amounts of emoluments and benefits.
Employers must contribute to social security at the rate of 16% of their employee's gross salaries.