Employer Tax Contributions

Tax Type	Rate	Base
Corporate Income Tax (CIT)	25%	Taxable profits
Minimum Income Tax (MIT)	1.5%	Turnover
Social Security (INSESO)	21.5%	Gross salary
Work Protection Fund (WPF)	1%	Gross salary

Filing & Compliance

• Personal Income Tax (PIT) and social security contributions are typically remitted monthly.
• PIT liability should be declared within the first 15 days of the month following salary payment.
• Corporate Income Tax (CIT) returns must be filed within the first six months of the year following the taxable fiscal year.

In Equatorial Guinea, employee tax deductions and contributions are based on a progressive tax system and include social security and specific expense allowances.

Employee Income Tax

• Tax Residency: Tax residents are taxed on worldwide income, while non-residents are taxed only on Equatorial Guinea-sourced income. Residency is determined by physical presence—more than three months in a calendar year or six months within two calendar years.
• Taxable Income: All employment-related income is taxable, including salary, bonuses, allowances, and benefits in kind.
• Benefits in Kind Taxation:
  • Housing: 15% of salary
  • Household expenses (water, electricity, housekeeping, company car): 5% of salary
  • Food: 20% of salary (capped at XAF 150,000 annually)
• Deductions:
  • Professional Expenses: Up to XAF 1,000,000 or the real cost of professional expenses, whichever is lower. This deduction is limited to 20% of total remuneration.
  • Social Security Contributions: Contributions to the National Institute of Social Security (INSESO) and the Work Protection Fund (WPF) are deductible.
• Tax Rates (updated as of January 2025): Information about updated rates for 2025 were not found in the provided sources. 2024 information is displayed below.
  • Up to XAF 1,000,000: Exempt
  • XAF 1,000,001 to 3,000,000: 10%
  • XAF 3,000,001 to 5,000,000: 15%
  • XAF 5,000,001 to 10,000,000: 20%
  • XAF 10,000,001 to 15,000,000: 25%
  • XAF 15,000,001 to 20,000,000: 30%
  • Above XAF 20,000,000: 35%

Social Security Contributions

• INSESO:
  • Employee: 4.5% of salary
  • Employer: 21.5% of salary
• WPF:
  • Employee: 0.5% of salary
  • Employer: 1% of salary

Tax Administration

• Withholding: Employers withhold income tax monthly and remit it to the Public Treasury within the first 15 days of the following month.

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Disclaimer: This information is for general guidance only and is current as of February 5, 2025. Always consult with a qualified tax advisor for personalized advice. Tax laws and regulations are subject to change.