Burkina Faso Adjusts Employers' Social Security Contributions Rates

Burkina Faso Adjusts Employers' Social Security Contributions Rates

 The government of Burkina Faso has adjusted the different rates of employers' social security contributions in order to improve social security coverage of employees. The total rate of the social security employer contributions rate remains at 16% for each employee but applies differently as follows:

–    

family welfare: 6% instead of 7%;

–    

retirement pension: 8.5% instead of 5.5%; and

–    

professional injuries: 1.5% instead of 3.5%.

This decision was outlined in Decree No 2023-0129/PRES-TRANS/PM/MFPTPS/MEFP adopted on 24 February 2023 with retroactive effect from 30 August 2022.

Changes will be made to the system soon!

    • Related Articles

    • Burkina Faso Payroll Tax Guide 2024

      The Burkina Faso Payroll Tax Guide is an easy-to-understand summary of statutory contributions associated with payroll for the 2024 tax year.

    • Egypt | How to exempt employees from Social security contributions

      The Egypt mandatory Social Security contributions can be exempted under circumstances where the employee contributes towards social securities outside the borders of Egypt. To apply the exemption navigate to Employee > Basic Information > Basic ...

    • Egypt | How to exempt Directors from social security contributions

      Within Egypt the option to exempt Directors of a company from the standard social security can be applied by highlighting a Director status. Navigate to Employee > Tax Profile Ensure the employee record tax status field is set to Directors from the ...

    • Burkina Faso Payroll Tax Guide 2025

      The Burkina Faso Payroll Tax Guide is an easy-to-understand summary of statutory contributions associated with payroll for the 2025 tax year.

    • UAE: How do I update Social Security in UAE?

      There are two new note components created in UAE for the Scoial Security. Social Security GCC National Employee Percentage (Tax Code: GCCEE) Social Security GCC National Employre Percentage (Tax Code: GCCER) The Social Security Juristrication must be ...