Guinea has cut its standard VAT rate to 18 percent from 1 January 2017 from 20 percent. The rate was originally raised from 18 percent to 20 percent to fund emergency help during the ebola outbreak. Sales Tax Rate in Guinea averaged 18.33 percent from 2014 until 2019, reaching an all time high of 20 percent in 2016 and a record low of 18 percent in 2015.
Sales Tax Rate in Guinea is expected to be 18.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Sales Tax Rate - VAT is projected to trend around 18.00 percent in 2020, according to our econometric models.