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About Burundi
Page Last Updated: 28/05/2024
Situated in the heart of East Africa, Burundi captivates with its rich cultural heritage and stunning natural landscapes. From serene lakeshores to lively markets, Burundi offers a unique fusion of tradition and modernity. Yet, mastering the intricacies of its business environment can be daunting. At Africa HR Solutions, we excel in aiding companies seeking expansion into Burundi. With our expertise and custom-tailored solutions, we guide businesses through local regulations and customs, ensuring a smooth business entry in the country.
Gross Domestic Product (GDP): $3.08 B
GDP Growth: 4.3%
Inflation: 22%
Foreign Direct Investment (% of GDP): 0.4%
Unemployment Rate: 0.91%
Capital: Bujumbura
Currency: Burudinan franc (BIF)
Languages: French, Kirundi
Burundi Payroll at a Glance
Currency
Burudinan franc (BIF)
Income Tax
0% – 30%
Employer Taxes
9%
Employee Contribution
4%
Fiscal Year
1 July – 30 June
Date Format
dd/mm/yyyy
- Burundi is known for its stunning landscapes, including rolling hills, dense forests, and fertile valleys.
- Historically, Burundi was ruled by a series of monarchies before becoming a German colony in the late 19th century and later a Belgian territory.
- Burundi achieved independence from Belgium on July 1, 1962, becoming a republic with a presidential system of government.
- The country’s economy is primarily agrarian, with coffee and tea production being significant contributors to the country’s GDP.
- Despite challenges, Burundi has made progress in areas such as healthcare and education, with improvements in infant mortality rates and primary school enrolment.
- Unity Day
- President Ntaryamira Day
- Labour Day
- Ascension Day
- Independence Day
- Eid Al Adha
- Assumption Day
- Prince Louis Rwagasore Day
- President Ndadaye’s Day
- All Saints’ Day
- Christmas Day
Employment in Burundi
Burundi is making progress toward economic growth. Bujumbura, the main port of Burundi and its largest city, is a hub for the development of infrastructure. Employees are entitled to vacation, sick and parental leave. With regards to taxation, the Pay As You Earn (PAYE) framework for payroll is applicable. Income tax rates vary between 0% and 30%, depending on the total income. Regarding the termination of employment contracts, the required notice period depends upon the length of service.
If your company is recruiting locals or hiring expats in Burundi, Africa HR Solutions has the expertise required to deliver all employment and payroll related services in-country. In particular, through leveraging our local market insight across a variety of industries, we are well placed to assist with designing a relevant and competitive employee benefit scheme, thereby allowing your organisation to attract and retain the brightest talent to help your business grow, all whilst taking into consideration the country’s regulations and customary practices.
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