Guinea or Micronesia: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Guinea and Micronesia weigh about the same on the taxpayer.

Tax Guinea Micronesia Gap
Corporate income tax headline rate 25% 21% +4.0 points
Personal income tax top bracket 0% to 20% 15% to 38% −18.0 points
VAT standard rate 18% 5% +13.0 points

Detailed schedules

Corporate income tax

Guinea

Companies, general case Article 229 of the general tax code 25%
Mining companies 30%
Telecom, banks, insurance, oil companies 35%

Micronesia

n/a

Personal income tax

Guinea

Up to 1,000,000 GNF Monthly scale of Article 63 0%
1,000,001 to 5,000,000 GNF 5%
5,000,001 to 10,000,000 GNF 10%
10,000,001 to 20,000,000 GNF 15%
Over 20,000,000 GNF 20%

Micronesia

n/a

See the Guinea page See the Micronesia page