Guinea-Bissau

{"ftc_utility":"medium","fbar_trigger_notes":"US expats working in Guinea-Bissau will likely need a local bank account for salary payments. The West African CFA franc (XOF) is the local currency. If aggregate balances in Guinea-Bissau accounts exceed $10,000 at any point during the year, FBAR filing is required. Local banks include Ecobank, BSIC, and Orabank Guinea-Bissau.","ftc_utility_reason":"Guinea-Bissau taxes residents on worldwide income at rates up to 25%. US expats paying local income tax on Guinea-Bissau-source earned income can use the Foreign Tax Credit against their US liability. However, enforcement gaps mean some expats may pay little actual local tax, reducing available credits. FEIE is often the more straightforward approach for earned income exclusion.","presence_day_count_notes":"Guinea-Bissau does not impose strict visa duration caps for most stays, but the country has limited formal immigration infrastructure. US citizens can typically remain without a long-stay visa arrangement that would impede the 330-day count, though political instability and periodic security incidents can affect continuous presence. The 330 days do not need to be consecutive and can span a 12-month period.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":8400,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Guinea-Bissau residents is treated as ordinary income subject to progressive rates up to 25%. No specific pension income exemption exists under domestic law.","tax_rate":0.25,"locally_taxed":true},"social_security":{"notes":"No US-Guinea-Bissau totalization or income tax treaty covers Social Security benefits. US Social Security received by a Guinea-Bissau resident is theoretically taxable as foreign income locally. No specific exemption exists in Guinea-Bissau domestic law for foreign government pension or social insurance payments.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No treaty exemption exists. Roth distributions could be subject to local tax as foreign income. Guinea-Bissau does not recognize the US tax-exempt character of Roth accounts. Practical enforcement is limited given weak tax administration infrastructure.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"No tax treaty exists between the US and Guinea-Bissau. Distributions from US 401k or IRA accounts received by a Guinea-Bissau tax resident would be treated as foreign-source income and subject to local progressive income tax rates up to 25%. Enforcement capacity is limited but the legal obligation exists for tax residents.","tax_rate":0.25,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.25,"notes":"Guinea-Bissau does not maintain a separate capital gains tax regime. Gains are generally folded into ordinary income and taxed at progressive rates up to 25%.","details":{"tax_type":"Capital Gains Tax","country_name":"Guinea-Bissau","country_iso_code":"GNB","source_references":["DGIA Guinea-Bissau","UEMOA fiscal framework","African Tax Administration Forum country profiles"],"last_verified_date":"2026-06-03","general_description":"No standalone capital gains tax exists. Capital gains realized by individuals or corporations are treated as ordinary income under the general income tax framework administered by the Direcao Geral dos Impostos e Alfandegas (DGIA). The tax code follows a model influenced by OHADA and UEMOA frameworks applicable to ECOWAS member states.","corporate_capital_gains":{"rate":0.25,"tax_treatment":"Taxed as ordinary corporate income at the standard corporate rate of 25%."},"individual_capital_gains":{"rate":0.25,"tax_treatment":"Taxed as ordinary income at progressive personal income tax rates; top bracket is 25%."}}}

{"notes":"Dividends paid to residents and non-residents are subject to withholding tax. The standard withholding rate on dividends is 20% for non-residents. Resident shareholders may be taxed at their applicable progressive personal income tax rate with withholding creditable against final liability. Guinea-Bissau has no broad tax treaty network, so reduced withholding rates under treaties are generally not available.","rates":[{"rate":0.2,"type":"withholding","notes":"Standard rate applied to dividends paid to non-resident individuals and entities."},{"rate":0.2,"type":"withholding","notes":"Applied to resident shareholders; creditable against personal income tax liability."}]}