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GN Tax 2023

Guinea Tax Tables 2023 - Tax Rates and Thresholds in Guinea

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This page contains the tax table information used for the calculation of tax and payroll deductions in Guinea in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ GN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Guinea or would like to add to or suggest amendments to the information herein then please contact us.

Guinea Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Guinea are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Guinea Tax Calculator 2023.

Guinea Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from ₣ 0.000.00to ₣ 100,000.00
10%Income from ₣ 100,000.01 to ₣ 1,000,000.00
15%Income from ₣ 1,000,000.01 to ₣ 1,500,000.00
20%Income from ₣ 1,500,000.01 to ₣ 3,000,000.00
25%Income from ₣ 3,000,000.01 to ₣ 6,000,000.00
30%Income from ₣ 6,000,000.01 to ₣ 10,000,000.00
35%Income from ₣ 10,000,000.01 to ₣ 20,000,000.00
40%Income from ₣ 20,000,000.01 and above
Guinea Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from ₣ 0.000.00to ₣ 125,900.00
15%Income from ₣ 125,900.01 to ₣ 1,000,000.00
30%Income from ₣ 1,000,000.01 and above

In Guinea, social security deductions made by employees are typically deductible when calculating taxable income. This means that the contributions employees make towards the social security system can be subtracted from their gross income before the computation of income tax. Consequently, these deductions effectively reduce the taxable income of employees, potentially lowering their overall income tax liability. This system provides a form of tax relief for employees, recognizing their mandatory contributions to the social security programs.

Guinea Social Security and Payroll Deduction Rates in 2023

In Guinea, the social security system involves contributions from both employees and employers, aimed at providing a range of benefits to support the workforce. The primary components of these contributions include pension funds, healthcare benefits, and family allowances.

Guinea Social Security in 2023: Rates for Employers and Employees
Medical expenses and disability2.5%4%6.5%
Old age pensions and death benefits2.5%4%6.5%
Family allowances0%6%6%
Industrial accidents0%4%4%
National Office for Professional Training and Development0%1.5%1.5%
Guinea Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
Medical expenses and disabilityn/a₣ 18,000,000.00n/a₣ 18,000,000.00
Old age pensions and death benefitsn/a₣ 18,000,000.00n/a₣ 18,000,000.00
Family allowancesn/an/an/a₣ 18,000,000.00
Industrial accidentsn/an/an/a₣ 18,000,000.00
National Office for Professional Training and Developmentn/an/an/an/a

Guinea VAT Rates in 2023

VAT rates for Guinea are reviewed annually, you can use the VAT Calculator to calculate VAT due in Guinea or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Guinea VAT Rates
VAT RateVAT Description
18%Standard Rate

Historic Tax Tables supported for Guinea

The following tax tables are supported by iCalculator™ GN as part of the suite of free tax tools we provide for Guinea.