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- Basic Facts
- Statutory Labor Requirements
- Employee Income Tax In Brazil
- Employee Social Security In Brazil
- Deductible Expenses In Brazil
- Immigration In Brazil
- Value Added Tax (VAT) In Brazil
- Withholding Tax In Brazil
- Terminating Employee In Brazil
- Statutory Employee Benefits In Brazil
- Payroll In Brazil
- Ease Of Doing Business In Brazil
- Business Opportunities In Brazil Section
- Why Use Global Expansion To Hire Your Employees In Brazil
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BASIC COUNTRY FACTS
Republic of Guinea
Conakry
- French
12.41 million
Guinean franc
.gn
+224
Guinean franc
STATUTORY LABOR REQUIREMENTS
Probation Period
- Probation period is typically 3 months.
Annual Leave
- Employees are generally eligible to accrue paid leave at a rate of 2 1/2 days per month worked.
Public Holidays
- New Year's Day (1st January)
- Second Republic Day (3rd April)
- Easter Monday (13th April)
- Labor Day (1st May)
- Laylat al-Qadr
- Eid al-Fitr
- Africa Day (25th May)
- Eid al-Adha
- Assumption of Mary (15th August)
- Independence Day (of Guinea) (2nd October)
- Prophet's Birthday
- All Saints' Day (1st November)
- Christmas Day (25th December)
Maternity Leave
Female employees are entitled to 14 weeks of paid maternity leave.
Paternity Leave
- There is no statutory paternity leave in Guinea.
Sick Leave
- Employees are generally entitled to up to 26 weeks of paid sick leave.
Work Hours
- The work week in Guinea is 48 hours.
Overtime
- The employer can unilaterally impose overtime on worker, up to the limit of 100 hours per year. Beyond the 100th hour, the employer must obtain an authorization from the Labor Inspector to perform overtime.
- Overtime work entitle the worker to financial compensation on top their salary.
- This increase shall be of 30% for the first 4 hours, and of 60% after it.
Notice Period
- Unless the employee is dismissed for serious misconduct, she or he is entitled to the following notice on dismissal:
- operational staff: 2 weeks
- supervisors and foremen: 1 month
- middle managers and similar: 3 months
Severance
- At the expiration of a fixed-term contract, the employee is eligible for severance pay of 5% of the total wages for the contracted period.
- Employees under an indefinite term contract who have completed at least 12 months of service are generally entitled to receive severance pay of at least 50 hours’ worth of wages for hourly workers and 25% of one month’s wage for monthly paid workers.
13th Month Salary in Brazil
- Yes
- There is no statutory requirement to pay the 13th or 14th month salary.
- However after a year of service employees receive a National Independence Bonus which equates to 15 days of salary payable before 12 October.
- The employees also get 15 days of salary for a Christmas bonus payable before 24 December.
INCOME TAX
- Individuals resident in Guinea are subject to tax on worldwide income.
- Nonresidents are subject to tax on Guinea source income only.
- Taxable income generally consists of all remuneration received, including, salaries, treatments, indemnities, allowances, premiums and bonuses paid, benefits in kind and benefits in cash.
- In general, self-employed residents are subject to general income tax on their worldwide income from professional and commercial activities.
- Self-employed nonresidents are subject to general income tax on income derived from activities performed in Guinea.
- Taxable income consists of total net income from all categories
|
Employment Income Tax |
||
|
Taxable Income |
Rate (%) |
|
|
Exceeding (GNF) |
Not Exceeding (GNF) |
|
|
0 |
1,000,000 |
0 |
|
1,000,000 |
5,000,000 |
5 |
|
5,000,000 |
10,000,000 |
10 |
|
10,000,000 |
20,000,000 |
15 |
|
20,000,000 |
- |
20 |
|
General Income Tax |
||
|
Taxable Income |
Rate (%) |
|
|
Exceeding (GNF) |
Not Exceeding (GNF) |
|
|
0 |
100,000 |
0 |
|
100,000 |
1,000,000 |
10 |
|
1,000,000 |
1,500,000 |
15 |
|
1,500,000 |
3,000,000 |
20 |
|
3,000,000 |
6,000,000 |
25 |
|
6,000,000 |
10,000,000 |
30 |
|
10,000,000 |
20,000,000 |
35 |
|
20,000,000 |
- |
40 |
DEDUCTIBLE EXPENSES
Personal deductions and allowances
- No personal deductions or allowances apply if an employee receives only employment income and does not elect joint taxation of the combined income of all household members.
- If joint taxation of the household is elected, individuals may take a personal deduction of GNF30,000 for each member of the household, up to a maximum of six persons.
Business deductions
- The following expenses are deductible for commercial, professional and agricultural activities:
- Expenses necessary to carry on the activities, including personnel and rental expenses
- Depreciation
- Provisions for losses and expenses if the accrual method of accounting is used
|
Deductible Expenses |
|
|
Personal Deductions and Allowances |
|
|
Business Deductions |
|
IMMIGRATION
- Foreign nationals, even those classified as residents, must obtain visas to enter Guinea.
- Visas may be obtained from Guinean consulates and embassies abroad.
- Nationals of member countries of the Economic Community of West African States (ECOWAS; the French translation is Communauté Économique des Etats de l’Afrique de l’Ouest or CEAO) and nationals from certain countries that have concluded special agreements with Guinea do not need visas to enter the country.
- A short-term permit is issued for initial entry into Guinea and is valid for a period ranging from one day to a maximum of three months.
- No visa authorizes an individual to work.
- A work permit authorized by the national employment and labor office (AGUIPE) must be obtained.
- Nationals of member countries of the ECOWAS do not need an authorization to work in Guinea.
- The request for an initial work permit is made by a letter from a prospective employer explaining the reasons why the applicant is being hired.
- It should be accompanied by four copies of the expatriate work contract, two identification photographs, hotel reservations or an invitation letter, and a return flight ticket.
- When reviewing work and residence permit applications, the government of Guinea considers the benefit of an individual’s presence in the country and his or her anticipated compliance with the laws and regulations of Guinea.
- It is possible to change employers after the applicant receives a permit.
- Foreign nationals may establish businesses in Guinea.
- In addition, foreign companies may set up subsidiaries headed by foreign nationals.
|
Type of Visa/ Permit |
Documentation |
Validity |
Eligibility |
|
Tourist Visa |
|
Maximum 3 months |
|
|
Work Permit |
|
1 year |
|
VALUE ADDED TAX
- The standard VAT rate is 18%
- A zero rate is applicable for exports and international carriage.
|
VAT |
|
|
Standard Rate |
18% |
|
Zero Rate |
0% |
WITHHOLDING TAX
Withholding tax rates applicable on dividends. Interest and royalties are as follows:
|
WHT |
|
|
Dividends |
10% |
|
Interest |
10% |
|
Royalties |
15% |
TERMINATION
- Employers may terminate employees for “personal reasons” including ineptitude, ill health, or misconduct.
- The employer must summon the employee to an interview with at least 5 days’ notice by registered letter and must include the reasons for wanting to dismiss the employee.
- The employer must wait 2 days after the interview before dismissing the employee.
- Such dismissal must be made by hand-delivered letter within three days of the interview.
- Reductions in staff due to economic reasons must go through the trade union.
- Unless the employee is dismissed for serious misconduct, she or he is entitled to the following notice on dismissal:
- operational staff: 2 weeks
- supervisors and foremen: 1 month
- middle managers and similar: 3 months
- At the expiration of a fixed-term contract, the employee is eligible for severance pay of 5% of the total wages for the contracted period.
- Employees under an indefinite term contract who have completed at least 12 months of service are generally entitled to receive severance pay of at least 50 hours’ worth of wages for hourly workers and 25% of one month’s wage for monthly paid workers.
STATUTORY BENEFITS
- These are mandatory benefits as postulated by law
- These include probationary period, annual leave, public holidays, sick leave, maternity leave, overtime pay, notice period, and severance pay
- Statutory benefits also include social security benefits
|
Statutory Benefits |
|
Probationary Period |
|
Annual Leave |
|
Public Holidays |
|
Maternity Leave |
|
Sick Leave |
|
Overtime Pay |
|
Notice Period |
|
Severance Pay |
|
Social Security Benefits |
PAYMENTS AND INVOICING
- The tax year for individuals is the calendar year.
- General income tax returns must be filed by 30 April following the close of the tax year.
- A self-employed individual subject to general income tax must file an income tax return by 30 April.
- General income tax computed is payable on receipt of a tax assessment.
EASE OF DOING BUSINESS
- The ease of doing business index is an index created by Simeon Djankov, an economist at the Central and Eastern Europe sector of the World Bank Group.
- Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
- According to the World Bank Guinea ranked 156th in the World in 2019 in terms of ease of doing business.
