GW · AfricaML · Africa

Guinea-Bissau vs Mali: tax rates compared

Mali's income tax rate is 17pp higher than Guinea-Bissau's (37% vs 20%). The 200-country average is 28%: Guinea-Bissau sits below it, Mali sits above it. Guinea-Bissau's figure is dated 2021-01-31 and Mali's 2015-07-01, so the two rates come from different data vintages.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

0102030405060Income20%37%Corporate25%30%VAT18%19%Wealth Tax0%
four shared taxes, side by side
Tax GW MLDifference
Income Tax20%37%ML +17 pplargest gap
Corporate Tax25%30%ML +5 pp
VAT19%18%GW +1 pp
Wealth Tax0%0%match

Income Tax

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Guinea-Bissau25%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Mali30%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−5 ppMali higher

Mali's corporate tax rate is 5pp higher than Guinea-Bissau's (30% vs 25%). The 201-country average is 22.6%: both sit above it.

VAT

VAT, side by side
CountryRateSource
Guinea-Bissau19%Source: Ministério das Finanças (Guiné-Bissau) — Lei nº 4/2022 (Código do IVA), via Kontaktu legislation portal · as of 2022-02-25
Mali18%Source: Direction Générale des Impôts du Mali — "C'est quoi la TVA" (La Taxe sur la Valeur Ajoutée N°1) · as of 2020-04-01
Difference+1 ppGuinea-Bissau higher

Guinea-Bissau's VAT rate is 1pp higher than Mali's (19% vs 18%). The 181-country average is 15%: both sit above it. Guinea-Bissau's figure is dated 2022-02-25 and Mali's 2020-04-01, so the two rates come from different data vintages.

Wealth Tax

Guinea-Bissau's wealth tax rate is identical to Mali's — both sit at 0%. The 193-country average is 0.1%: both sit below it.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.