Guinea Tax Overview

Guinea tax system at a glance

Guinea (Conakry) operates a French-style tax system administered by the national tax directorate, with taxes assessed in Guinean Francs over a calendar tax year. This is an unverified source-cited draft pending review by a licensed Guinea accountant.

• Tax year — 1 January to 31 December (calendar year) (Code Général des Impôts (CGI) de Guinée)
• Currency — Guinean Franc (GNF) (Code Général des Impôts (CGI) de Guinée)
• Tax authority — Direction Nationale des Impôts (DNI), Ministère du Budget (Code Général des Impôts (CGI) de Guinée)
• Residence / taxation basis — Residents are taxed on worldwide income; non-residents on Guinea-source income only ((approx — confirm)) (Code Général des Impôts (CGI) de Guinée)
• Top personal income tax (IRPP) rate — 35 percent (Code Général des Impôts (CGI) — Impôt sur le Revenu des Personnes Physiques (IRPP))
• Standard corporate income tax rate — 25 percent (Code Général des Impôts (CGI) — Impôt sur les Sociétés (IS); Loi de Finances 2018)
• VAT / GST — Value Added Tax (TVA) standard rate — 18 percent (Yes — Value Added Tax (TVA) applies at a standard rate) (Code Général des Impôts (CGI) — Taxe sur la Valeur Ajoutée (TVA))
• Annual return filing deadline — 31 March of the year following the tax year ((approx — confirm)) (Code Général des Impôts (CGI) de Guinée)
• VAT (TVA) return frequency — Monthly — filed and paid within 15 days after month-end (Code Général des Impôts (CGI) — Taxe sur la Valeur Ajoutée (TVA))
• Accounting framework for the tax base — OHADA SYSCOHADA Uniform Act on Accounting Law (OHADA Uniform Act on Accounting Law (SYSCOHADA))