Article 163- II : Export tax on Precious Stones and other Gemstones

Precious Stones and Gemstones extracted in Guinea by holders of a Mining Operation Title and which have been exported in a crude or cut state are subject to a specific export tax.

The basis of the export tax on Precious Stones and Gemstones is the value of the Precious Stones and Gemstones exported. This value is determined by the Bureau National d’Expertise (BNE) according to the quality of the stones and their carat weight.

The export tax rate on the Precious Stones is defined in the table below according to the nature of the Precious Stones and the Gemstones exported.

However, the rate of this export tax is halved if the Precious Stones or Gemstones are exported after having been cut in Guinea.

The tax is payable at the export of the Precious Stones and Gemstones, as “export” is defined in the Customs Code.

The liability for this tax lies with the exporter of the Mine Substances, as defined by the Customs Code. The export tax is jointly and severally payable by the customs agent, acting under a power of attorney. The customs procedure applies with full force.

The terms for the calculation, declaration and payment of this tax are determined by regulation.

Export tax rate on Precious Stones and other Gemstones

Key: Ct : Carat = 0.20519655

The tax rate on Precious Stones and Gemstones not indicated in the table above will be determined by regulation.