Guinea: Evolution of the Guinean Tax System: Reforms and Implications

Since late 2024, Guinea has launched a major overhaul of its tax system, driven by the digitalization of procedures via the E-Tax platform and the transition to SAFIG 2. A new purchase declaration form was introduced in December 2024 for reporting local and imported purchases. In January 2025, a 20% flat-rate withholding tax was added to unidentified or non-compliant taxpayers, which may apply alongside the existing 10% tax on profits, increasing costs for businesses dealing with such suppliers. 

The 2025 Finance Act amended the General Tax Code with several key reforms: 

• Unified tax return (DUIT) deadline moved to the 10th of each month; 

• Games of chance taxed on gross proceeds, aligned with VAT rules; 

• Contracts between companies must be registered at public contract rates; 

• Bank seizures limited to 25% of the amount claimed by tax authorities; 

• Banks must comply with new reporting obligations or face high fines; 

• Enhanced protection of professional secrecy; 

• Criminal sanctions for tax offences now require a formal complaint by tax authorities; 

• Deposit for disputed taxes reduced to 25% of assessed duties; 

• Mandatory e-filing of tax returns and legally recognized email communication; 

• VAT refund claims can be submitted via E-Tax. 

Declarations and payments of land tax, business licenses, and rental deductions are also handled through E-Tax. For work permits, medical certificates must now be issued exclusively by Labor Medicine. 

Legal and Institutional Progress 

A 2022 local content law mandates 51% Guinean ownership, 50% local executives, and 75% national labor in public contracts. Oversight is entrusted to a new, not-yet-operational authority (ARCCL). In 2023, the independence of the Posts and Telecommunications Regulatory Authority (ARPT) was strengthened. In February 2025, a long-awaited collective agreement for the mining sector was signed, effective August 2025 (for operating firms) and August 2026 (for those in development), introducing a minimum wage, improved pension and leave rights, union protections, and a five-year review cycle. 

Institutional Reform and Anti-Corruption Efforts 

A General Directorate of Elections (DGE) has been established to manage future elections. In parallel, the government has reinforced its anti-corruption stance by creating a special court (CRIEF) for prosecuting economic and financial crimes. 

These reforms demonstrate Guinea’s drive to modernize its tax and regulatory systems and improve transparency, efficiency, and compliance. 

If you wish to discuss these topics, please contact: 

Face Africa Tax & Legal