Expatriate tax ebook - Guinea

What taxes?

Capital gains tax
Inheritance, estate and gift taxes
Investment income
Local taxes
Real estate taxes
Social security taxes
Stock options
Wealth taxes

Capital gains tax
Capital gains are submitted to two different category of taxes:

Capital gains for non residents are submitted to withholding tax corresponding to 15% of the mentioned capital gains,
Some 15% withholding on capital gains for residents in Guinea.

Inheritance, estate & gift taxes
None for individuals.

Investment income
None for individuals.

Local taxes
There are local taxes to which an individual is liable in Guinea (for example contribution to local development for 5000 GNF/ person by year).

Real estate tax
See "Capital gains tax"

Social security taxes
In Guinea, Social Security fare is due in a monthly basis to the Caisse Nationale de Sécurité Sociale (CNSS).
The fare basis is limited to 800 000 GNF and the rate is 23% (5% in charge of employee and 18% for the employer).

Stock options
Not applicable.

Wealth tax
Not applicable.

Information about Guinea:

Last updated 20 June 2011

This information has been provided by Grant Thornton Guinea, a member firm of Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Guinea nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.

Grant Thornton International Ltd and the member firms are not a worldwide partnership. Services are delivered independently by the member firms.
Disclaimer

Contact us

For further information on expatriate tax services in Guinea please contact Amadou Barry

Related websites

Grant Thornton - Guinea
www.guinee.gov.gn

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