Guinea: Tax developments in response to COVID-19
General Information
This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
Date accurate as of: 24 June 2020
A COVID-19 economic response plan was announced on April 6, 2020. The Plan aims at strengthening infrastructure in the health sector, protecting the most vulnerable, and supporting the private sector, notably small and medium enterprises. The authorities estimate the cost of the Plan at about USD 328 million (2.3 percent of GDP). Key measures include:
- the introduction of temporary exonerations on taxes, social contributions and payment of utilities for firms in the most affected sectors;
- the implementation of labor-intensive public works, provision of cash transfers;
- a waiver on the payment of utilities for the most vulnerable.
The authorities are contemplating additional support measures to some agricultural commodity chains such as cashew, pineapple and potatoes.
