Invoicing and Tax regulation in Burkina Faso

Invoicing Regulation in Burkina Faso

In Burkina Faso, invoicing regulations are governed by the General Tax Code (Code Général des Impôts). Both sales and service transactions require invoicing. Invoices must include details such as invoice number, supplier details, details of goods or services provided, and the VAT amount. It is mandatory for businesses to adhere to these regulations to maintain accurate financial records.

Real-Time Reporting / Fiscalization in Burkina Faso

In Burkina Faso, companies are required to maintain proper bookkeeping and regularly report financial operations to the tax authorities. However, there is currently no requirement to provide real-time reporting or fiscalization in Burkina Faso, but businesses are advised to keep updated records to enable efficient reporting when required.

E-Invoicing in Burkina Faso

As of today, e-invoicing is not mandatory in Burkina Faso. Nevertheless, companies that use e-invoicing must ensure that the invoices produced meet the same standards as paper invoices. This includes maintaining the necessary details and complying with the provisions of the General Tax Code.

VAT/GST/Tax Compliance in Burkina Faso

In Burkina Faso, all transactions executed by taxpayers are subject to a Value Added Tax (VAT) of 18%. VAT is regulated by the General Tax Code and it is mandatory for businesses to comply with this rate. Certain goods are exempt from VAT under Burkina Faso law, including some agricultural goods, medical supplies, and educational materials. The taxpayers must register for VAT, file monthly returns, and make payments of their respective VAT obligations.

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