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Burkina Faso Enacts Amending Finance Law for 2020

25 August 2020

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Approved Changes

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Burkina Faso

According to recent reports, Burkina Faso has enacted the Amending Finance Law for 2020, which was published in the Official Gazette on 30 July 2020. The law provides for budget changes needed as a result of the COVID-19 pandemic and also provides for the validation of certain measures taken in response to the pandemic, which needed formal legislative approval. Some of the main measures include the following, which have been validated retroactively with effect from April to June 2020: an exemption from minimum lump-sum tax collection for persons in the transport, hotel, restaurant, and tourism sectors; an exemption from payroll...