Guinea or United States: which taxes less?

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

Lighter: Guinea, ahead by 0.4 FiScore point.

Tax Guinea United States Gap
Corporate income tax headline rate 25% 21% +4.0 points
Personal income tax top bracket 0% to 20% 10% to 37% −17.0 points
VAT standard rate 18% 11.73% +6.3 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%

United States

Federal tax 21%
State tax 0% to over 9% depending on the state 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%

United States

n/a

See the Guinea page See the United States page