Falkland Islands
6.2/10
65th of 217
Falkland Islands or Guinea-Bissau: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Level pegging: Falkland Islands and Guinea-Bissau weigh about the same on the taxpayer.
Guinea-Bissau
6.2/10
64th of 217
| Tax | Falkland Islands | Guinea-Bissau | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 26% | 25% | +1.0 points |
| Personal income tax top bracket | 21% to 26% | 1% to 12% | +14.0 points |
| VAT standard rate | 0% | 15% | −15.0 points |
Detailed schedules
Corporate income tax
Falkland Islands
| Profit up to 500,000 GBP Threshold shared among related companies | 21% |
| Profit over 500,000 GBP | 26% |
| Oil activities Exploration and production, regardless of profit | 26% |
Guinea-Bissau
n/a
Personal income tax
Falkland Islands
| First 18,000 taxable GBP After personal allowance of 16,860 GBP | 21% |
| Over 18,000 GBP | 26% |
Guinea-Bissau
n/a
- Falkland Islands : falklands.gov.fk
- Falkland Islands : www.falklands.gov.fk
- Guinea-Bissau : www.google.com