Guinea Conakry: 2022 Tax Changes
Law L /2021/032/AN of 4 July 2021 of the General Tax Code was promulgated by decree D/2021/236/PRG/SGG of 2021. The provision of the new General Tax Code has made the below changes relating to payroll:
1. Personal Income Tax Tables
Article 63 has made changes to the monthly progressive tax rates as follows:
Lower Income Limit (FG) | Upper Income Limit (FG) | Marginal Rate |
0.00 | 1,000,000.00 | 0% |
1,000,001.00 | 3,000,000.00 | 5% |
3,000,001.00 | 5,000,000.00 | 8% |
5,000,001.00 | 10,000,000.00 | 10% |
10,000,001.00 | 20,000,000.00 | 15% |
20,000,001.00 | 999 999 999 999.99 | 20% |
2. Apprenticeship Tax
The provision made a change to the Apprenticeship Tax as per Articles 204 to 215. The tax rate is set at two percent (2%) by companies employing less than thirty (30) employees.
Both the above changes are effective from 1 January 2022.
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