Paying Taxes in Burkina Faso

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Burkina Faso, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Social security contributions12 12016.0%gross salaries18.1 
Corporate income tax1 3030.0%taxable profits15.1 
Business license1 -8% + fixed amountassets4.7 
Payroll and apprentice tax12 -4.0%gross salaries4.5 
Capital gains tax1 -10.0%gain on property sale1 
Mortmain property tax1 -10.0%property value after deduction0.5 
Motor vehicle tax1 -50.000 XOFweight of truck0.4 
Sales tax1 -12.5%interest income0.3 
Tax on insurance contracts1 -20.0%insurance premium0.2 
Fuel tax1 - included in fuel price0.2 
Stamp duty on contracts1 -200 XOFper page small amount
Value added tax (VAT)12 12018.0%value added not included
Advertising tax1 -   small amount
Totals:46 270  44.9 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.