GW · AfricaTH · Asia
Guinea-Bissau vs Thailand: tax rates compared
Thailand's income tax rate is 15pp higher than Guinea-Bissau's (35% vs 20%). The 200-country average is 28%: Guinea-Bissau sits below it, Thailand sits above it. Guinea-Bissau's figure is dated 2021-01-31 and Thailand's 2026-02-02, 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 | TH | Difference |
|---|---|---|---|
| Income Tax | 20% | 35% | TH +15 pplargest gap |
| Corporate Tax | 25% | 20% | GW +5 pp |
| VAT | 19% | 7% | GW +12 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 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | −15 pp | Thailand higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Guinea-Bissau higher |
Guinea-Bissau's corporate tax rate is 5pp higher than Thailand's (25% vs 20%). The 201-country average is 22.6%: Guinea-Bissau sits above it, Thailand 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 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | +12 pp | Guinea-Bissau higher |
Guinea-Bissau's VAT rate is 12pp higher than Thailand's (19% vs 7%). The 181-country average is 15%: Guinea-Bissau sits above it, Thailand sits below it. Guinea-Bissau's figure is dated 2022-02-25 and Thailand's 2026-02-02, 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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
Guinea-Bissau's wealth tax rate is identical to Thailand'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.