Guinea vs Brazil
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ฌ๐ณ Guinea โ 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.
๐ง๐ท Brazil โ State & Municipal Taxes
Brazil has one of the world's most complex tax systems. States levy ICMS at 7%โ18% varying by state. Municipalities levy ISS (services tax) at 2%โ5% and IPTU (urban property tax). A sweeping tax reform (EC 132/2023) is gradually replacing ICMS/ISS with unified IBS and CBS taxes through 2033. States impose ITCMD (inheritance/gift tax) up to 8%.
Guinea vs Brazil: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐ณ Guinea has a higher top income tax rate (0โ40% vs 0โ27.5%). ๐ง๐ท Brazil is more favourable for high earners.
๐ VAT/Sales Tax: Brazil has a higher consumption tax (18% vs ~27.5% combined).
๐ข Corporate Tax: ๐ง๐ท Brazil offers a lower corporate rate (34% vs 35%), which can influence business location decisions.
๐ Capital Gains: ๐ง๐ท Brazil taxes investment gains at a lower rate (22.5% vs 35%), benefiting investors.