Guinea-Bissau reportedly implemented a new VAT regime effective 1 January 2025, replacing the previous General Sales Tax regime. Under the new regime, taxpayers are required to register for VAT if taxable supplies exceed XOF 10 million over a 12-month period. Those with taxable supplies between XOF 10 million and XOF 40 million may opt for a simplified VAT regime. The standard VAT rate is 19%, with a reduced rate of 10% on basic goods and services, including specified imports. Exports are zer…