Equatorial Guinea

Employment income

Revenues concerned are those perceived as a consequence of an employment contract. As a result, taxable income is composed of:

• Basic salary.
• Bonuses, indemnities, and allowances.
• Expenses refunding.
• Contributions in kind.

Contributions in kind included in taxable income are assessed as follows:

• Housing: 15% of salary.
• Household: 5% of salary.
• Water and electricity: 5% of salary.
• Company vehicle: 5% of salary.
• Food: 20% of salary (with a maximum of XAF 150,000 per person/per year).