GW · AfricaPY · Americas
Guinea-Bissau vs Paraguay: tax rates compared
Between the two, Guinea-Bissau's income tax rate (20%) tops Paraguay's (10%) by 10pp. The 200-country average is 28%: both sit below it. Guinea-Bissau's figure is dated 2021-01-31 and Paraguay's 2026-02-07, 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
| Tax | GW | PY | Difference |
|---|---|---|---|
| Income Tax | 20% | 10% | GW +10 pp |
| Corporate Tax | 25% | 10% | GW +15 pplargest gap |
| VAT | 19% | 10% | GW +9 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 20% | Source: Ministério das Finanças (Guiné-Bissau) — Código do Imposto Profissional, Artigo 27º (Redação atribuída pelo artigo 10º da Lei nº 1/2021), via Kontaktu legislation portal · as of 2021-01-31 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +10 pp | Guinea-Bissau higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +15 pp | Guinea-Bissau higher |
Between the two, Guinea-Bissau's corporate tax rate (25%) tops Paraguay's (10%) by 15pp. The 201-country average is 22.6%: Guinea-Bissau sits above it, Paraguay sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 19% | Source: Ministério das Finanças (Guiné-Bissau) — Lei nº 4/2022 (Código do IVA), via Kontaktu legislation portal · as of 2022-02-25 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| Difference | +9 pp | Guinea-Bissau higher |
Between the two, Guinea-Bissau's VAT rate (19%) tops Paraguay's (10%) by 9pp. The 181-country average is 15%: Guinea-Bissau sits above it, Paraguay sits below it. Guinea-Bissau's figure is dated 2022-02-25 and Paraguay's 2026-02-07, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 0% | Source: Direção Geral das Contribuições e Impostos (DGCI) Guiné-Bissau — official withholding-tax return instructions (Instrução de Serviço, DGCI/2021), hosted on the Ministério das Finanças domain · as of 2026-07-18 |
| Paraguay | 0% | Source: PWC Worldwide Tax Summaries — Paraguay (Net wealth/worth tax rates) · as of 2026-02-07 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Guinea-Bissau and Paraguay both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.