This tax guide provides an overview of the indirect tax system and rules to be aware of for doing business in Guinea.

Guinea - 120x120.pngIndirect tax snapshot

Please click on each section to expand further:

What is the principal indirect tax?

The Value Added Tax (VAT) is the main indirect tax in Guinea.

Is there a registration limit for the tax?

The limit to be subject VAT in Guinea is GNF 1,000,000,000.

Does the same registration limit apply to non-established businesses?

For non-established companies there is no limit mentioned by law.

Is there any specific legislation to tax non-resident supplies of electronically supplied/digital services to private consumers resident in your country?

No, there is no specific legislation. The different provisions are provided by the common tax law.

Does a non-established business need to appoint a fiscal representative in order to register?

The Guinean Tax Authority designates the local beneficiary of the service as the representative of the foreign company.

How often do returns have to be submitted?

The VAT return must be made no later than the 15th of each month, relating to VAT of previous month.

Are penalties imposed for the late submission of returns/ payment of tax?

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.

Are any other declarations required?

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.

Are penalties imposed in other circumstances?

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.

Can the VAT incurred by overseas businesses be claimed if they are not registered in Guinea?

No.

 

What information must a VAT invoice show?

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

Are there any current or anticipated Standard Audit File for Tax (SAF-T) or similar electronic/digital filing requirements eg invoice listing data file/real-time VAT reporting?

No.

Contact us

For further information on indirect tax in Guinea please contact:

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Amadou Barry
T +224 622 96 69 06
E amadou.barry@gn.gt.com

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Bademba Diallo
T +224 628 68 40 03
E bademba.diallo@gn.gt.com

International indirect tax guide

International indirect tax guide

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