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GUINEA BISSAU

Summary of the taxes applicable in Guinea bissau

 

Table 1 : Corporate taxes

 

 

Corporate taxes

 

Taxable persons

Are liable persons or entities :

which have headquartered social, domicile or permanent representation in the country

Living abroad and the creditor of income or credits owed by resident entities in the exercise of their activities and the period of less than six months

Residing abroad and income from creditors or loans granted by entities domiciled in the exercise of their activities and the period of less than six months

 

Exemption

legally constituted political parties, professional organizations and classes

Corporate entities of public utility, the public international law of persons; list of diplomatic missions ;religious organizations ; charitable, sporting, cultural and leisure associations and their counterparts

Reduction of the tax base: tax incentives granted to certain production activities

 

Rate

Less than 92 308 000 : 25%

92 309 000  à 769 231 000 : 30%

Higher than 769 231 000 : 35 %

 

 

Table 2 : TAX ON THE SALES OF GOODS AND SERVICES

 

 

TAX ON THE SALES OF GOODS AND SERVICES

Taxable transactions

Sales of goods and services, against payment, when they are carried out by non subject acting as such; importation of goods

Exemption

Staff of diplomatic missions, aid workers, immigrants, veterans, temporary importation, transmissions when they are not made by the establishing producer or importer

Rate

10 % for certain products ; rice and medication

15 % in other cases

 

 

 

Table 3 : EXCISE DUTY

 

 

Excise duty

Taxable transactions

The products listed in the attached table, from the time they are produced or imported

importers and owners of places of production or processing of products subject to excise duty

Exemption

property belonging to persons who transfer their residence on the national territory

goods contained in the personal luggage of travellers

small consignments to private individuals

personal property acquired by inheritance

products sent to humanitarian organizations

tenders received in international relations

objectives of educational, scientific or cultural character

caskets, urns and funeral objects

political parties, NGOs, diplomatic and consular missions and international organizations

Medication, weapons, military equipment, uniforms and equipment, goods allocated to investment projects

Rate

ad valorem tax

Carbonated water and soft drinks : 5 %

Beers;: 5 %

Alcohol and alcoholic beverages : 5 à 30%

Tobacco : 10%

Petroleum products : 5 à 75 %

Car : 10-40 %

Perfumery Products : to 40 %

Powders and the like : to 40%

Weapons and ammunition and parts thereof : 15-40 %