Guinea-Bissau VAT / GST

VAT (IVA) rates, registration and filing

• VAT (IVA) introduction — Guinea-Bissau introduced Value Added Tax (Imposto sobre o Valor Acrescentado — IVA) effective 1 January 2025, replacing the former 19% general sales tax (Imposto Geral sobre Vendas e Serviços). It became the 175th country in the world to adopt VAT. (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• VAT (IVA) introduction date — 1 January 2025 (replaced the former 19% general sales tax) (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• Standard VAT (IVA) rate — 19 percent (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• Reduced VAT rate — 10 percent (on certain essential goods and services) (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• Zero rate — 0 percent (on exports) (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• Standard VAT registration threshold — Annual turnover above FCFA 40,000,000 must register under the standard VAT regime XOF (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• Simplified VAT regime band — Turnover between FCFA 10,000,000 and FCFA 40,000,000 qualifies for a simplified VAT scheme XOF (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• VAT exemption threshold — Turnover below FCFA 10,000,000 is exempt from VAT registration XOF (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/01/16/guinea-bissau-introduction-of-the-vat-regime/)
• Main VAT-exempt supplies — Financial services, real estate, domestic gas/heating, education and medicines (Código do Imposto sobre o Valor Acrescentado (IVA) — https://www.vatupdate.com/2025/03/07/guinea-bissaus-vat-implementation-key-features-business-impact/)
• VAT return filing frequency — Monthly VAT returns and payment ((approx — confirm due date, commonly by mid-following month)) (Código do Imposto sobre o Valor Acrescentado (IVA))
• Reverse charge on imported services — Recipient self-assesses VAT on services supplied by non-established (foreign) providers ((approx — confirm mechanism)) (Código do Imposto sobre o Valor Acrescentado (IVA))
• Input VAT recovery — Registered taxpayers may credit input VAT against output VAT, subject to the usual deduction restrictions ((approx — confirm)) (Código do Imposto sobre o Valor Acrescentado (IVA))