Guinea has now a combined rate of 15 percent (C.I.F., Port-of-Entry) on all imports, with the exception of those tax-exempt privileged regimes accorded under the terms of the Investment Code. Rice is subject to a 10 percent tariff, while medicines under Heading 30 are exempt or subject to a reduced rate of 8 percent. An assessment processing fee (RTL) of 2 percent is levied on all imported goods. There is a turnover tax (TCA) levied on the value of imports. The TCA rate, which is inclusive of other import taxes and fees, is 12 percent for rice imports and 13 percent for all other imports. Finally, a surtax is imposed on luxury items, such as motor vehicles, alcohol, tobacco, and other consumer items. The surtax varies from 20 to 60 percent. Cigarettes, which are very popular, are subject to a nominal rate of 90 percent, but frequently adjusted lowered by the customs authorities.
Luxury import items are subject to a consumption surcharge (Surtaxe de consommation). There are variable rates: beer and alcoholic beverages - 60 percent; vehicles - 20-30 percent, depending on engine capacity. Exemptions may be provided under the Investment Code.
There are also fiscal export duties (Droit fiscal de sortie). The general rate is 2 percent. Diamond exports are charyed 3 percent of the actual sale value while gold and other precious metals are levied at 5 percent. Agricultural products and locally produced industrial products are exempt.
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