Legislation and Taxation

Legislation and Taxation

Tax Code Summary

  • Corporate income tax rate: 35%
  • Corporate tax rate for mining companies: 30%
  • Value Added Tax (VAT): Standard rate of 18%

Investment Incentives

  • Incentives are available in specific sectors (e.g. mining and oil), and there is an Investment Code.
  • Guinea applies a reciprocity rule so that all foreigners from countries that allow Guineans to carry on business activities may undertake business activities in Guinea.
  • The Guinea OPIP (Office de Promotion des Investissements Privés) promotes private investment.
  • Guinea has signed the OHADA treaty with 17 West and Central African countries to harmonize business laws and is a member state of the African Intellectual Property Organisation (OAPI)

Useful Links