Guinea-Bissau
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Guinea-Bissau's tax system is administered by the Direccao Geral de Contribuicoes e Impostos (DGCI) and applies a progressive personal income tax known as the Imposto Unico sobre o Rendimento (IUR) with rates from 0% to 25%, denominated in the West African CFA Franc (XOF). As a WAEMU member state, Guinea-Bissau shares its currency with seven other West African nations, benefiting from monetary stability and regional economic integration. The IUR covers both employment and self-employment income under a unified framework. Employees contribute to the Instituto Nacional de Seguranca Social (INSS) for social security, with the employee share at approximately 8% of gross salary and employers contributing around 14%, covering pensions, family allowances, and occupational risk insurance. The combined social contribution rate of approximately 22% of gross earnings reflects the country's social protection commitments despite its small economy. Guinea-Bissau applies a VAT rate of 15% on most goods and services, with exemptions for essential foodstuffs, medical products, and educational materials. The fiscal year follows the calendar year, and employers must withhold income tax and remit it to the DGCI within established monthly deadlines. Guinea-Bissau's economy is heavily dependent on cashew nut production and exports, with fishing and agriculture also playing significant roles. The relatively small formal sector means that tax administration focuses primarily on government employees, NGO workers, and registered private enterprises. AfroTools provides free DGCI-compliant IUR income tax calculators, INSS contribution tools, and salary breakdown calculators for Guinea-Bissau. All tools are updated for the current tax year and available at no cost.