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Burkina Faso: Tax Reform in Place

(Feb. 12, 2010) On January 28 and 29, 2010, Burkina Faso's Parliament adopted new legislation to reform the tax system in the country. The changes include introducing a corporate income tax instead of the existing schedule of taxes on business and industrial income, ending the exemptions from taxation previously granted for capital gains that are reinvested and for start-up businesses, and creation of a manual of tax procedures. (Albert Atangana & Ridha Hamzaoui, Burkina Faso: Tax Reform Implemented, IBFD TAX NEWS SERVICE, Feb. 4, 2010, subscription newsletter from [email protected].)