Guinea vs Sierra Leone
Tax Rate Comparison
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π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π¬π³ Guinea β Guinea Tax System
Guinea has progressive income tax up to 40%. TVA (VAT) is 18%. The country holds the world's largest bauxite reserves and significant iron ore deposits, making mining-sector tax revenue critical. Following the September 2021 coup, the junta government (CNRD) has focused on renegotiating mining contracts to increase state revenue. Tax administration is being reformed with IMF support.
πΈπ± Sierra Leone β Sierra Leone Tax System
Sierra Leone has progressive income tax up to 35%. NRA (National Revenue Authority) administers tax collection. The country is recovering from the Ebola epidemic (2014β16) and remains heavily aid-dependent. Mineral exports (iron ore, diamonds, titanium) are key. A 15% GST applies. The 2023 elections brought a new government focused on domestic revenue mobilization.
Guinea vs Sierra Leone: Key Tax Differences (2026)
π° Income Tax: π¬π³ Guinea has a higher top income tax rate (0β40% vs 0β35%). πΈπ± Sierra Leone is more favourable for high earners.
π VAT/Sales Tax: Guinea has a higher consumption tax (18% vs 15%).
π’ Corporate Tax: πΈπ± Sierra Leone offers a lower corporate rate (30% vs 35%), which can influence business location decisions.
π Capital Gains: πΈπ± Sierra Leone taxes investment gains at a lower rate (30% vs 35%), benefiting investors.