Guinea-Bissau Corporate Income Tax

Corporate income tax rates and base

Companies in Guinea-Bissau are taxed under the corporate income tax / industrial contribution regime (historically Contribuição Industrial, modernised toward an IRPC model). The standard rate is reported at 25% on net taxable profit.

• Standard corporate income tax rate — 25% percent (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) / Contribuição Industrial statute)
• Corporate tax base — Net accounting profit adjusted for tax purposes (revenues less deductible business expenses); residents taxed on worldwide profit, non-residents on local-source profit ((approx — confirm)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) / Contribuição Industrial statute)
• Minimum / turnover-based tax — A minimum corporate tax (imposto mínimo) based on annual turnover may apply where it exceeds tax computed on profit ((approx — confirm existence and rate)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) / Contribuição Industrial statute)
• Small-business / simplified regime — Small taxpayers below VAT/turnover thresholds may fall under a simplified taxation regime ((approx — confirm)) (Código Geral Tributário (General Tax Code))
• Withholding tax on dividends — Commonly around 10%–15% on dividends paid to residents and non-residents percent ((approx — confirm exact rate)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) statute — withholding provisions)
• Withholding tax on interest — Commonly around 10%–15% on interest payments percent ((approx — confirm exact rate)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) statute — withholding provisions)
• Withholding tax on royalties — Commonly around 15% on royalties paid to non-residents percent ((approx — confirm exact rate)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) statute — withholding provisions)
• Withholding tax on non-resident service fees — A final withholding tax applies to payments to non-residents for services rendered in/connected to Guinea-Bissau ((approx — confirm rate)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) statute — withholding provisions)
• Tax loss carry-forward — Trading losses may be carried forward for a limited number of years (commonly 3–5 years in WAEMU-style codes) ((approx — confirm period)) (Imposto sobre o Rendimento das Pessoas Colectivas (IRPC) / Contribuição Industrial statute)
• Annual corporate return filing deadline — 31 March of the year following the financial year ((approx — confirm)) (Código Geral Tributário (General Tax Code))
• Corporate tax payment — Tax is typically paid via advance instalments during the year with a final balancing payment on filing ((approx — confirm instalment schedule)) (Código Geral Tributário (General Tax Code))