Guinea

Paying Taxes in

Guinea

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 1 32 35.0% taxable profits 15.9
Social security contributions 12 192 18.0% gross salaries (where maximum taxable wage is GNF 800,000) 14.3
Property tax 1 10.0% property value 9.8
Payment "forfaitaire" on salary 12 6.0% gross salaries 6.8
IMF minimum forfaitaire tax 1 3% of profits, but at least GNF 3,000,000 taxable profits 5
Apprenticeship tax 12 1.5% gross salaries 1.7
Vehicle tax 1 varies carrying capacity or vehicle weight 0.3
Tax on insurance contracts 1 12.0% insurance premium 0.3
Fuel tax 1 included in fuel price 0.1
Tax on interest 1 interest income 0.1
Value added tax (VAT) 12 192 18.0% value added not included
Stamp duty 1 0.25%-1% transaction amount small amount
Totals: 56 416 54.3
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