Gold, Precious Stones and Gemstones extracted in Guinea by holders of an Authorisation are subject to an export tax at the rates below:
- for gold, the tax rate is one per cent (1%), the reference value for the tax calculation being the BCRG purchase price for gold;
- for diamonds with a value per unit strictly less than five hundred thousand (500,000) USD, the tax rate is three percent (3%) of the value set by BNE experts;
- for Precious Stones, other than Diamonds and Gemstones of a unit value strictly lower than five hundred thousand (500,000) USD, this rate is set at one point five (1.5) per cent of the value fixed by the BNE experts;
- for Precious Stones, including Diamonds, with a unit value equal to or greater than five hundred thousand (500,000) USD, the rate is five per cent (5%) of the value fixed by the BNE experts.
A joint decree from the Minister in charge of Finance and the Minister in charge of Mines may adjust these rates.
This tax is payable at export, as defined in the Customs Code. The liability for this tax lies with the exporter, as defined by the Customs Code. The customs procedure applies with full force.
The terms of calculation, declaration and payment of this tax are determined by regulation.