Equatorial Guinea Tax Rates
Equatorial Guinea operates a progressive personal income tax system with rates up to 35%. The Ministerio de Hacienda y Presupuestos administers the system, featuring a 35% corporate tax rate and 15% VAT. Equatorial Guinea is one of Africa's top oil producers and has one of the highest GDP per capita in Sub-Saharan Africa. It is the only Spanish-speaking country in mainland Africa.
Top Income Tax Rate
35%
Corporate Tax Rate
35%
VAT / Sales Tax
15%
Capital Gains Tax
20%
Detailed Tax Information
Income Tax Brackets
Equatorial Guinea levies progressive income tax with rates from 0% to 35%. Employment income is subject to withholding. Expatriate oil workers may be subject to special tax arrangements.
| Income Range | Tax Rate |
|---|---|
| FCFA 0 – FCFA 1.0M | 0% |
| FCFA 1.0M – FCFA 3.0M | 10% |
| FCFA 3.0M – FCFA 5.0M | 15% |
| FCFA 5.0M – FCFA 10.0M | 20% |
| FCFA 10.0M – FCFA 15.0M | 25% |
| FCFA 15.0M+ | 35% |
Corporate Tax
The standard corporate tax rate is 35%. Oil and gas companies are subject to the Hydrocarbons Law with production sharing agreements and additional taxes. A minimum tax applies.
Standard Rate
35%
Capital Gains Tax
Capital gains are generally included in taxable income.
Rate
20%
VAT / Sales Tax
VAT is levied at 15% on most goods and services. Essential goods are exempt. Exports are zero-rated.
Standard Rate
15%
Cryptocurrency Tax
Equatorial Guinea does not have cryptocurrency legislation. BEAC guidelines apply.
Tax Treaties
Equatorial Guinea has very limited treaty coverage.
Treaty Network
2
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Equatorial Guinea
See how much you could save by moving here from your current country.
+$20K
Tax in United States
$24K
24.4% effective
Tax in Equatorial Guinea
$5K
4.5% effective
You Save
81.5%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
