Burkina Faso

{"ftc_utility":"high","fbar_trigger_notes":"Any US person with a Burkinabe bank account (e.g. at Ecobank, Coris Bank, or SGBF) exceeding $10,000 aggregate at any point in the calendar year must file FinCEN 114. Opening a local bank account is often required for salary payment compliance under Burkinabe labor law. FBAR obligation is straightforward but the security environment limits banking access.","ftc_utility_reason":"Burkina Faso taxes resident individuals at progressive rates up to 35% on worldwide income, including employment income. US expats earning locally will pay significant Burkinabe income tax, generating substantial foreign tax credits that can offset US federal tax liability on the same income. FTC is the preferred strategy for higher earners; FEIE may be combined with the housing exclusion for those with lower or moderate incomes.","presence_day_count_notes":"Burkina Faso has been under a Level 4 Do Not Travel advisory from the US State Department due to terrorism and civil unrest. US government employees are subject to severe movement restrictions. Long-term physical presence by private US citizens is feasible in Ouagadougou under limited circumstances, but the security environment complicates sustained 330-day presence. No visa restrictions specifically block the 330-day count for those who do remain.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":15000,"local_tax_rate_on_earned_income":0.35,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Burkina Faso tax residents is subject to personal income tax at progressive rates. Local pension income from the national scheme (CNSS - Caisse Nationale de Securite Sociale) is also taxed under the same progressive schedule.","tax_rate":0.35,"locally_taxed":true},"social_security":{"notes":"No US-Burkina Faso totalization or tax treaty exists. US Social Security payments received by a resident of Burkina Faso could in principle be taxed locally as foreign pension income, though practical enforcement is very limited.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No treaty exists to exempt Roth distributions. Distributions would technically be subject to local income tax if the individual is a tax resident. The after-tax nature of Roth contributions is not recognized under Burkinabe law.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"There is no US-Burkina Faso income tax treaty. US-sourced retirement distributions received by a Burkina Faso tax resident are treated as foreign-source pension or income and are subject to local personal income tax at progressive rates up to 35%. In practice, enforcement on foreign pension income is limited, but legal liability exists.","tax_rate":0.35,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.35,"notes":"Burkina Faso does not have a standalone capital gains tax. Gains realized by individuals are generally folded into personal income and taxed at progressive rates up to 35%. Corporate gains are taxed at the standard corporate rate of 27.5%.","details":{"tax_type":"Capital Gains Tax","country_name":"Burkina Faso","country_iso_code":"BFA","source_references":["Direction Generale des Impots Burkina Faso","KPMG Africa Tax Centre","OHADA framework references"],"last_verified_date":"2026-06-03","general_description":"No separate capital gains tax exists in Burkina Faso. Individual capital gains are taxed as ordinary income under the progressive personal income tax schedule. Real property transfers may be subject to transfer taxes and registration duties separately.","corporate_capital_gains":{"rate":0.275,"tax_treatment":"Taxed as part of ordinary corporate income at the standard CIT rate of 27.5%."},"individual_capital_gains":{"rate":0.35,"tax_treatment":"Taxed as ordinary income at progressive personal income tax rates; top marginal rate is 35%. Gains on property sales may also attract registration duties."}}}

{"notes":"Dividends paid by Burkinabe companies to resident and non-resident individuals are subject to a withholding tax. The standard rate for dividends is 12.5% for residents and 15% for non-residents, deducted at source. These rates apply under the UEMOA (West African Economic and Monetary Union) harmonized tax framework.","rates":[{"rate":0.125,"type":"withholding","notes":"Resident individual shareholders; withheld at source by the distributing company."},{"rate":0.15,"type":"withholding","notes":"Non-resident shareholders, including US persons without treaty relief; withheld at source."}]}