Paying Taxes in Equatorial Guinea

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Equatorial Guinea, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Social security contributions12 12022.0%gross salaries24.3 
Turnover tax1 -1.0%last year's turnover17.7 
Corporate income tax1 8035.0%taxable profits13.5 
Fuel tax1 -XAF 277 per literfuel consumption1.9 
Training tax12 -1.0%gross salaries1.1 
Property tax (building and land)2 -1.0%40% of the value of the land and buildings0.6 
Registration taxes with Ministry of Trade1 -fixed fee 0.4 
Property tax (land)2 -XAF 100hectare0 
stamp duty1 -   small amount
vehicle tax1 -fixed fee  small amount
VAT (IVA)12 9615.0%value added not included
Totals:46 296  59.5 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.