Guinea Information about minimum wage and taxes.

Minimum wage refers to the lowest wage that employees in a country should receive for the work they do for a certain period of time. The minimum wage in Guinea was determined as 420,000 Guinean francs in 2018. The tax system in Guinea includes different types of taxes such as income tax, consumption tax and corporate tax. Income tax is levied as a percentage of income in Guinea. Income tax rates vary depending on the amount of income and tax bracket. Consumption tax is a tax applied to goods and services purchased in Guinea. The consumption tax rate may vary depending on the category of goods or services purchased. Corporate tax is the tax paid by companies on the profits they make. The corporate tax rate in Guinea is generally 30%. You can get more detailed information about minimum wages and taxes from the Guinea Ministry of Finance or tax offices.

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