The Sales Tax Rate in Guinea stands at 14 percent. source: Ministry of Economy and Finance

Sales Tax Rate in Guinea averaged 17.75 percent from 2014 until 2021, reaching an all time high of 20 percent in 2016 and a record low of 14 percent in 2021. This page provides - Guinea Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Sales Tax Rate - VAT - values, historical data and charts - was last updated on October of 2021.

Sales Tax Rate in Guinea is expected to reach 18.00 percent by the end of 2021, 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 2022, according to our econometric models.

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Guinea Sales Tax Rate - VAT

Guinea Last Unit Reference Previous Highest Lowest
Personal Income Tax Rate 40.00 percent Dec/21 40.00 40.00 40.00
Corporate Tax Rate 35.00 percent Dec/21 35.00 35.00 35.00
Sales Tax Rate 14.00 percent Dec/21 18.00 20.00 14.00

Guinea Sales Tax Rate - VAT
In Guinea, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Guinea.