Employment Cost Calculator for Guinea
Calculate the total cost of employing someone in Guinea, including taxes, benefits, and our management fee.
Employer Tax Contributions
| Tax Type | Rate | Base |
|---|---|---|
| Corporate Income Tax (CIT) | 25% (general), 30% (mining), 35% (telecom, banks, insurance, petroleum) | Taxable profit |
| Social Security (CNSS) | 13% (employer portion) | Gross monthly salary (capped) |
| Payroll Withholding (IRPP) | Progressive scale (e.g., up to 20% for highest bracket) | Employee's net taxable income |
Filing & Compliance
- Monthly tax declarations and social security contributions are generally due by the 15th or 20th of the following month.
- Employers must provide employees with annual income and tax statements.
- New employees must be registered with the National Social Security Fund (CNSS) and tax authorities.
In Guinea, employee tax deductions encompass payroll tax, social security contributions, and other applicable deductions.
Payroll Tax
A progressive payroll tax system is in place, with rates varying based on income levels. A new 8% payroll tax rate applies to earnings between GNF 3,000,000 and GNF 5,000,000. Certain tax-free allowances are capped at 25% of gross salary.
Social Security Contributions
Employees contribute to the national social security system. Specific contribution amounts and rates vary depending on several factors and should be confirmed with local authorities or a qualified professional.
Other Deductions
- Donations, Tips, and Gifts: These are deductible up to 1.5% of income.
- Equipment, Tools, and Office Furniture: Deductions for these items are limited to a unit value of GNF 5,000,000.
Additional Information on Guinean Taxation
- Tax Exemptions: Tax exemptions require ratification by the National Assembly.
- Flat-Rate Levy (BIC): This levy applies to local purchases from unregistered VAT vendors, impacting a broader range of individuals and businesses.
- Tax Payment Flexibility: The Guinean government offers tax payment staggering options for taxpayers facing temporary difficulties.
- Apprenticeship Tax: This tax now applies to companies with fewer than 30 employees.
- Corporate Income Tax: Losses from one financial year are deductible from the following year's profit, up to 70% of taxable profit. The remaining loss can be carried forward indefinitely within the same limit.
- Withholding Tax on Non-Wage Income (RNS): Applies to service providers without effective management in Guinea. Services ancillary to goods supplies are exempt.
- License Tax: The rate is based on the previous year's turnover.
It is crucial to remember that tax laws are complex and subject to change. The information provided is current as of today, February 5, 2025, and may not reflect future amendments or interpretations. Always consult official government resources or a qualified tax professional for personalized advice.
