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GQ Tax 2020

Equatorial Guinea Tax Tables 2020 - Tax Rates and Thresholds in Equatorial Guinea

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This page contains the tax table information used for the calculation of tax and payroll deductions in Equatorial Guinea in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ GQ, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Equatorial Guinea or would like to add to or suggest amendments to the information herein then please contact us.

Equatorial Guinea Personal Income Tax Tables in 2020

The Income tax rates and personal allowances in Equatorial Guinea are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Equatorial Guinea Tax Calculator 2020.

Equatorial Guinea Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from ₣ 0.000.00to ₣ 1,000,000.00
10%Income from ₣ 1,000,000.01 to ₣ 3,000,000.00
15%Income from ₣ 3,000,000.01 to ₣ 5,000,000.00
20%Income from ₣ 5,000,000.01 to ₣ 10,000,000.00
25%Income from ₣ 10,000,000.01 to ₣ 15,000,000.00
30%Income from ₣ 15,000,000.01 to ₣ 20,000,000.00
35%Income from ₣ 20,000,000.01 and above
Equatorial Guinea Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from ₣ 0.000.00to ₣ 1,000,000.00
10%Income from ₣ 1,000,000.01 to ₣ 3,000,000.00
15%Income from ₣ 3,000,000.01 to ₣ 5,000,000.00
20%Income from ₣ 5,000,000.01 to ₣ 10,000,000.00
25%Income from ₣ 10,000,000.01 to ₣ 15,000,000.00
30%Income from ₣ 15,000,000.01 to ₣ 20,000,000.00
35%Income from ₣ 20,000,000.01 and above

In Equatorial Guinea, social security deductions made by employees are typically considered pre-tax deductions. This means that these contributions are deducted from an individual's gross income before the calculation of taxable income. As a result, the amount subject to income tax is reduced by the amount contributed to social security, thereby lowering the overall taxable income for the individual. This practice aligns with common international standards, where social security contributions are often treated as deductible expenses for the purpose of determining taxable income.

Equatorial Guinea Social Security and Payroll Deduction Rates in 2020

In Equatorial Guinea, the social security system is designed to provide a safety net for employees, ensuring they have support in times of need such as retirement, illness, and unemployment. Both employees and employers contribute to this system, with deductions made from payroll to fund various social security benefits. These contributions are crucial for maintaining the well-being of the workforce and their families.

Equatorial Guinea Social Security in 2020: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
National Institute of Social Security (INSESO)4.5%21.5%26%
Work Protection Fund (WPF)0.5%1%1.5%
Equatorial Guinea Social Security and Payroll Deduction in 2020: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
National Institute of Social Security (INSESO)n/an/an/an/a
Work Protection Fund (WPF)n/an/an/an/a

Equatorial Guinea VAT Rates in 2020

VAT rates for Equatorial Guinea are reviewed annually, you can use the VAT Calculator to calculate VAT due in Equatorial Guinea or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Equatorial Guinea VAT Rates
VAT RateVAT Description
0%Zero Rated
6%Reduced Rate
15%Standard Rate

Historic Tax Tables supported for Equatorial Guinea

The following tax tables are supported by iCalculator™ GQ as part of the suite of free tax tools we provide for Equatorial Guinea.