Guinea vs China
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
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.
๐จ๐ณ China โ Provincial, Municipal & Surcharge Taxes
China's 34 provincial-level regions vary in social insurance rates (employer contributions: ~16โ23% depending on province). Cities impose Urban Maintenance & Construction Tax (1โ7% of VAT paid). Education surcharges add 3โ5%. Local governments levy land use taxes by city tier. Free Trade Zones often have preferential 15% corporate rates.
Guinea vs China: Key Tax Differences (2026)
๐ฐ Income Tax: ๐จ๐ณ China has a higher top income tax rate (0โ40% vs 3โ45%). ๐ฌ๐ณ Guinea is more favourable for high earners.
๐ VAT/Sales Tax: Guinea has a higher consumption tax (18% vs 6โ13%).
๐ข Corporate Tax: ๐จ๐ณ China offers a lower corporate rate (25% vs 35%), which can influence business location decisions.
๐ Capital Gains: ๐จ๐ณ China taxes investment gains at a lower rate (20% vs 35%), benefiting investors.