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BURKINA FASO

Burkina Faso is a landlocked nation in West Africa. It is surrounded by six countries: Mali to the north, Niger to the east, Benin to the south east, Togo and Ghana to the south, and Côte d'Ivoire to the south west.

Burkina is an excellent destination for anyone interested in seeing beautiful West African country and exploring African culture and music.
Burkina Faso is the most famous music and drumming culture country in Africa. It is a great country to visit if you are interested in learning West African drumming!
As with music, art is also part of the culture of Burkina Faso.
The country hosts every year the International Arts and Crafts Fair in Ouagadougou, one of the famous in the world.
Burkina Faso has a primarily tropical climate with two very distinct seasons: the rainy season and the dry season during which the harmattan blows, a hot dry wind from the Sahara.
It is a relatively flat country, with a very few exceptions. The larger part of the country is covered by a several, plains which forms a gently undulating landscape with, in some areas, a few isolated hills, the last vestiges of a massive relief.

RAPID INFORMATION DATA SHEET

(Actually based on the year 2007 estimates)

Geography
Official language: French
Other key languages: Gur, Mande
Major religious groups Ethnic, Muslim, Christian
Capital: Ouagadougou
Population: 14.8 m
Land area: 274,122 km²
Population density (people/ km²): 54.0

Key economic data
GDP: US$ 6.1 bn
GDP per capita: US$ 412
PPP GDP per capita: n/a
Average Real GDP growth 2000-06: 5.7%
Currency: CFA Franc
Key exports: Cotton, livestock products, gold
Key imports: Capital goods, petroleum products, food

BURKINA FASO

Tax indicators

Companies :
• Company tax Residentcompanies: 30%
• Company tax Non-resident companies: 20%
• Secondary Tax on Companies (STC): n/a
• General sales tax: n/a
• Value-added tax: 18%

Individuals:
• Fiscal year end: 31 December
• Individual marginal tax rate (maximum): 39%
• Basis of taxation: Source-based Residence based

Withholding tax:
• Interest: 25%(standard rate)
12,5%(reduced rate)
• Dividends: 15%
• Royalties: 20%
Exchange controls: Exist
Double tax treaties: Exist
Capital gains tax: 15% (gain from real property)

© 2008 - Allied African Nations Chamber of Commerce. All rights reserved.


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