Republic of Guinea
République de Guinée
CAPITAL : Conakry
FLAG : The national flag is a tricolor of red, yellow, and green vertical stripes.
ANTHEM : Liberté (Liberty).
MONETARY UNIT : A new currency, the syli ( S ), of 100 cauris, was introduced in October 1972; S 1 = 10 old Guinea francs. The Guinea franc (GFr) of 100 centimes was restored in January 1986 on a one-toone basis with the syli. There are notes of 25, 50, 100, 500, 1,000, and 5,000 GFr. GFr1 = $0.0005181 (or $1 = GFr1,930) as of May 2003.
WEIGHTS AND MEASURES : The metric system is the legal standard.
HOLIDAYS : New Year's Day, 1 January; Labor Day, 1 May; Anniversary of Women's Revolt, 27 August; Referendum Day, 28 September; Independence Day, 2 October; Armed Forces Day, 1 November; Day of 1970 Invasion, 22 November; Christmas, 25 December. Movable religious holidays include 'Id al-Fitr, 'Id al-'Adha', and Easter Monday.
TIME : GMT.
All insurance companies were nationalized in January 1962. There is a national insurance company, the National Society of Insurance and Reinsurance, and at least five other major companies based in Conakry.
Personal income and capital gains are taxed at 35%, which is also the corporate tax rate. A 20% withholding tax is levied on dividends. Both employees (17%) and employers (5.0%) contribute to Social Security. In 1996, the government introduced a value-added tax (VAT). In 2003, the standard rate was set at 18%. Exports, international transportation, and basic food items are exempted.
Guinea has no territories or colonies.
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D and B's Export Guide to Guinea. Parsippany, N.J.: Dun and Bradstreet, 1999.
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——. Historical Dictionary of Guinea. Boulder, Colo.: netLibrary, Inc., 2000.
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Yansane, Aguibou Y. Decolonization in West African States, With French Colonial Legacy—Comparison and Contrast: Development in Guinea, the Ivory Coast and Senegal, 1945– 80 . Cambridge, Mass.: Schenkman Publishing Co., 1984.
Do you have to have a license to export?
Wanted to know since when were these effective?
Are these the latest tax and SS rates or are these backdated and there have been certain changes that havent been recorded here?
Thanks a lot for your support