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)
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