Guinea-Bissau: Income and profits taxes
* indicates monthly or quarterly data series
| Guinea-Bissau |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 18.99 |
| Year | 2024 |
| Measure | percent |
| Data availability | 2017 - 2024 |
| Average | 17.62 |
| Min - Max | 13.99 - 21.49 |
| Source | The World Bank |
The latest value from 2024 is 18.99 percent, a decline from 21.49 percent in 2023. In comparison, the world average is 26.79 percent, based on data from 87 countries. Historically, the average for Guinea-Bissau from 2017 to 2024 is 17.62 percent. The minimum value, 13.99 percent, was reached in 2017 while the maximum of 21.49 percent was recorded in 2023.
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* indicates monthly or quarterly data series
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Definition: Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 17.05 | 2024 | percent |
| Government spending, in dollars | 0.39 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -7.26 | 2024 | percent |
| Primary budget balance | -3.93 | 2024 | percent |
| Tax revenue | 8.30 | 2024 | percent |
| Commercial tax rate | 45.50 | 2019 | percent |
| Tax preparation time | 218 | 2019 | hours |
| Taxes on goods and services | 25.81 | 2024 | percent |
| Taxes on international trade | 16.01 | 2024 | percent |
| Income and profits taxes | 18.99 | 2024 | percent |
| Foreign aid | 188.91 | 2023 | million U.S. dollars |
| Government debt | 82.21 | 2024 | percent |