imageGuinea Bissau | Decree No. 12/2014, of 17 June 2014

Amendment to the Stamp Duty Regulation and Shedule

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Decree No. 12/2014 of 17 June 2014 In recent years, particular and growing weight has been given to broadening the tax base and consequently increasing the tax burden. In this regard, a number of situations have been identified in both the reports and recommendations of international technical partners which, while being taxable, are completely exempt from taxation. Such situation contrasts with the abundant existing tax legislation, the effectiveness of which has been weak. Therefore, and bearing in mind the current challenges facing Public Finance, namely the growing increase in public expenditure resulting from the State's social obligations, it is considered urgent to initiate concrete measures and actions to ensure greater efficiency and effectiveness in tax revenue collection.

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