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 % |
SEE ALSO (in French): Customs Fees in West Africa – Guinea Bissau, Local Taxes and VAT in Guinea Bissau