Guinea or Trinidad and Tobago: which taxes less?

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

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

Tax Guinea Trinidad and Tobago Gap
Corporate income tax headline rate 25% 25% Same rate
Personal income tax top bracket 0% to 20% 0% to 25% −5.0 points
VAT standard rate 18% 12.5% +5.5 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%

Trinidad and Tobago

Profit up to 1 million TTD 25%
Profit over 1 million TTD 30%
Activity tax on revenue Due if exceeding profit tax 0.6%

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%

Trinidad and Tobago

n/a

See the Guinea page See the Trinidad and Tobago page