iCalculator™ BF: Burkina Faso Tax Calculators
Welcome to iCalculator™ BF, your comprehensive suite of free tax calculators for Burkina Faso. iCalculator™ has provided free tax calculators for Burkina Faso since 2019. Since those early days we have extended our resources for Burkina Faso to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Burkina Faso Tax Calculator and salary calculators within our Burkina Faso tax section are based on the latest tax rates published by the Tax Administration in Burkina Faso. In this dedicated Tax Portal for Burkina Faso you can access:
Burkina Faso Tax Calculator 2024/25
The Burkina Faso Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Burkina Faso. This includes calculations for
- Employees in Burkina Faso to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in Burkina Faso.
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Discover Burkina Faso
Burkina Faso is a landlocked country located in West Africa. It is bordered by six countries: Mali to the north and west, Niger to the east, Benin to the southeast, Togo and Ghana to the south, and Côte d'Ivoire to the southwest. This central location in the West African region makes Burkina Faso a connecting point between different cultures and economies in Africa. The country's geography is characterized by a predominantly flat terrain, with occasional hills in the west and southeast.
For more information on its neighboring countries, visit Mali, Niger, Benin, Togo, Ghana, and Côte d'Ivoire.
Economy of Burkina Faso
Burkina Faso's economy is primarily based on agriculture, which employs the majority of the workforce. The country's main agricultural products include sorghum, millet, corn, peanuts, and cotton, the latter being one of the largest export commodities. In recent years, there has been a significant increase in gold mining, which has become a major export sector and a key driver of economic growth. Despite these resources, Burkina Faso faces challenges such as a high poverty rate, vulnerability to climate change, and political instability.
The country is also working towards economic diversification and development through various sectors like livestock, fisheries, and services. Burkina Faso's economic policies focus on improving infrastructure, education, and health care systems to enhance overall development and stability.
Cultural and Historical Aspects
Burkina Faso is home to a diverse cultural landscape, with numerous ethnic groups and languages. The Mossi is the largest ethnic group, with a rich history and cultural heritage. The country is known for its vibrant music, art, and film scene, particularly the biennial Pan-African Film and Television Festival of Ouagadougou (FESPACO), which is the largest African film festival. Burkina Faso's cultural diversity is celebrated through various festivals, traditional dances, and crafts, reflecting a blend of ethnic and cultural influences.
This combination of a strategic location, developing economy, and rich cultural heritage makes Burkina Faso an important and unique nation within West Africa.
Overview of Taxation in Burkina Faso
The taxation system in Burkina Faso is structured to support the country's economic development while providing essential public services. It includes a range of taxes applicable to individuals, businesses, and various transactions.
For individuals, income tax is levied on various sources of income such as employment, business profits, and other personal earnings. This tax system is progressive, with varying brackets based on the level of income. Corporate tax applies to the profits earned by companies operating within Burkina Faso, catering to both domestic and foreign entities. Apart from these direct taxes, the system also includes indirect taxes like Value Added Tax (VAT) on goods and services, which is a significant source of revenue for the government.
Additionally, Burkina Faso imposes customs duties on imports, excise taxes on specific goods, and property taxes. The country's tax policies are aimed at creating a conducive environment for investment and business while ensuring equitable distribution of tax burdens. As part of its commitment to economic growth, Burkina Faso is continually reforming its tax system to align with international standards and boost its competitiveness.
For businesses and individuals navigating the tax landscape in Burkina Faso, staying informed about the latest regulations and practices is essential for effective financial planning and compliance. To access updated information on tax regulations in Burkina Faso, including tools and tables that aid in understanding and calculating taxes, please visit our comprehensive Tax Hub. This resource offers valuable insights and tools for anyone dealing with taxation in Burkina Faso.