Indirect tax snapshot
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The Value Added Tax (VAT) is the main indirect tax in Guinea.
The limit to be subject VAT in Guinea is GNF 1,000,000,000.
For non-established companies there is no limit mentioned by law.
No, there is no specific legislation. The different provisions are provided by the common tax law.
The Guinean Tax Authority designates the local beneficiary of the service as the representative of the foreign company.
The VAT return must be made no later than the 15th of each month, relating to VAT of previous month.
Late payment of VAT gives rise to late interest which is set at 2% by month late and an increase of 10% of the amounts of the duties charged to the taxpayer with a minimum of GNF100,000.
Telephone companies, and Internet access providers, etc., which are registered for VAT in Guinea must provide, non-taxable turnover as an annex to their declaration.
All companies that do not respect the VAT rules are exposed to sanctions such as:
• where the declaration reveals incomplete and insufficient information, amount of duties charged to the taxpayer is subject to the interest of late payment and an increase penalties
• violation of the VAT rules can give rise to legal proceedings.
An invoice must have:
• the exact name and address with mention of its tax identification number, of both supplier and customer.
• the amount of duty free transactions
• the amount of VAT and the rate applied
• the amount of all taxes included.
• the date and number of the invoice
• Informations related to the regime and rate of VAT applied
For further information on indirect tax in Guinea please contact: