Page 13 - Nexia SAB&T Africa Overview 2025

Burkina Faso (GMT)

General:
▪ Capital City: Ouagadougou
▪ Official Language: French
▪ Currency: West African CFA Franc (XOF)
▪ Main Exports: Gold, cotton, zinc, phosphate and livestock
▪ Surface Area: 274.2 sq. km (thousands)
▪ Population: 24,1 million (2025,est)
Key Economic Indicators:
▪ GDP: $21,9 billion (2023)/ GDP Growth Rate: 5.5% (2024)
▪ CPI Inflation Rate (annual): 3% (2025)
▪ Sovereign Credit Ratings: Moody’s: Not Rated, S&P: CCC+,
Fitch: Not Rated (Poor Standing/High Credit Risk)
▪ Indicator of Economic Freedom Score: 51/100 (2025): Mostly Unfree
Exchange Controls:
▪ Exist, transfers within the CFA Zone are not restricted
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Burkina Faso-Source income
Tax Rates:
▪ Individuals: Progressives rates to 25% (reduced on the basis of the number of
dependents, from 8% to 14%)
▪ Companies: 27.5%
▪ VAT: 18%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: France, Tunisia and UEMOA member countries
Useful links:
▪ Central Bank of West African States http://www.bceao.int
▪ Directorate of General Taxation http://www.impots.gov.bf/
▪ Official Government Portal http://www.gouvernement.gov.bf

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