Guinea vs Solomon Islands
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§ Solomon Islands β Solomon Islands Tax System
The Solomon Islands levies income tax at progressive rates up to 40%. GST (Goods and Services Tax) replaced import duties for many items. Tax administration is handled by the Inland Revenue Division. Logging, fishing, and subsistence agriculture dominate the economy. Political instability and dependence on aid are ongoing challenges.
Guinea vs Solomon Islands: Key Tax Differences (2026)
π° Income Tax: Guinea and Solomon Islands have similar top income tax rates (0β40% vs 0β40%).
π VAT/Sales Tax: Guinea has a higher consumption tax (18% vs 10%).
π’ Corporate Tax: πΈπ§ Solomon Islands offers a lower corporate rate (30% vs 35%), which can influence business location decisions.
π Capital Gains: πΈπ§ Solomon Islands taxes investment gains at a lower rate (0% vs 35%), benefiting investors.