VATupdate
VAT

VAT rates in Guinea

Quick overview

Standard Rate Reduced Rate Other Rates
18% N/A Zero-rated (0%) and exempt

The local name for VAT in Guinea is Taxe sur la valeur ajoutée (TVA).

There is basically 1 VAT rate in Guinea:

  • Standard VAT rate is 18%

Recent developments

For more information about (recent) rate change developments in Guinea, please click HERE.

Standard rate: 18%

This rate applies for all transactions that take place in Guinea, unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).

Zero rate (0%)

Examples of goods and services taxable at 0% or exempted from VAT, with the right to deduct VAT

  • Exports
  • Pharmaceutical products
  • Books and school supplies
  • Basic foodstuffs: Rice, wheat, flour and additives used in its production, bread, nutritious oils, palm oil

Examples of exempt supplies of goods and services, without the right to deduct VAT

  • Sales and imports of stamps
  • Financial transactions: interests, bank charges, …
  • Real properties and tangible personal properties subject to registration fees
  • Rentals of undeveloped land and bare premises
  • Printed periodical publications (newspaper or magazine)
  • Social, educational, sporting, cultural, philanthropic or religious acivities non-profit organization

 

A global VAT/GST rate overview can be found here (note this is a work in progress).

This post was last updated on October 12, 2021.

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