Burkina Faso Tax Tables 2021 - Tax Rates and Thresholds in Burkina Faso

This page contains the tax table information used for the calculation of tax and payroll deductions in Burkina Faso in 2021. These tax tables are used for the tax and payroll calculators published on iCalculator™ BF, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Burkina Faso or would like to add to or suggest amendments to the information herein then please contact us.

Burkina Faso Personal Income Tax Tables in 2021

The Income tax rates and personal allowances in Burkina Faso are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Burkina Faso Tax Calculator 2021.

In Burkina Faso, social security deductions made by employees, such as contributions to pension and health insurance, are typically deductible from their taxable income. This means that the portion of an employee's salary contributed towards social security is subtracted from their gross income before calculating the income tax. This practice reduces the taxable base, thereby potentially lowering the individual's overall tax liability. Employers' contributions to social security on behalf of their employees are generally treated as business expenses and do not directly affect the employees' taxable income calculation.

Burkina Faso Social Security Rates in 2021

In Burkina Faso, social security and payroll deductions are vital components of the employment and labor system, providing a safety net for employees and employers. Both parties contribute to these systems, which cover various aspects of social welfare and employee benefits.

Types of Contributions:

• Pension Fund: Contributions to the pension fund are made to provide retirement benefits to employees. This fund ensures that workers receive a steady income after retirement, contributing to their financial security in old age.
• Health Insurance: Contributions towards health insurance provide medical coverage to employees. This fund is used to cover medical expenses, ensuring access to healthcare for employees and their families.
• Family Allowances: This fund supports employees with families, offering financial assistance for child care and family welfare. It is designed to help cover the costs associated with raising a family.
• Occupational Risk Insurance: Contributions to this fund are used to cover work-related injuries and illnesses. It provides financial support and medical care in cases of accidents or health issues arising from workplace conditions.

Employer and Employee Contributions:

• Employers contribute to the pension fund, health insurance, family allowances, and occupational risk insurance, covering a significant portion of the social security system.
• Employees also contribute a portion of their earnings to the pension fund and health insurance, ensuring their participation and benefit from these social security programs.

These contributions collectively form the backbone of Burkina Faso's social security system, providing essential support to employees in various life situations, from healthcare and family welfare to post-retirement life.

Burkina Faso VAT Rates in 2021

VAT rates for Burkina Faso are reviewed annually, you can use the VAT Calculator to calculate VAT due in Burkina Faso or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Burkina Faso

The following tax tables are supported by iCalculator™ BF as part of the suite of free tax tools we provide for Burkina Faso.