According to recent reports, Burkina Faso's Ministry of Finance has decided to postpone the application of the country's new financial activities tax (Taxe sur les activités financières -TAF) until 1 July 2021. The TAF was introduced as part of the Finance Law for the 2021 Budget at a rate of 17% on banking and financial transactions, with certain exemptions, and a reduced 15% rate for taxpayers under the normal real income taxation regime and for interbank refinancing transactions. Where app…