Equatorial Guinea

Taxable period

The taxable period is from 1 January to 31 December for CIT purposes.

Tax returns

CIT returns must be filed within the first six months of the year following the taxable fiscal year. However, for the 2024 CIT, the returns must be filed by April 30th, 2025.

Payment of tax

Payment of CIT is due within 15 days following the filing date of the CIT return.

The MIT is due by July 15th and January 15th.

Penalties

Penalties of XAF 100,000 per month for late filing of CIT returns plus 2,5% interests on arrears for month of delay.

Tax audit process

1) The inspection procedure must be concluded within the following period:
a) Three (3) months, in the case of verifications with limited scope;
b) Six (6) months, in the case of verifications with general scope;
c) The on-site interventions provided for in the previous section b) may be extended for an additional six (6) months.

Statute of limitations

The statute of limitations is four years from the date the tax is due.

Topics of focus for tax authorities

Topics systematically assessed by tax authorities in the framework of audits are:

• WHT of the oil and gas sector.
• PIT and social contributions.

In the framework of recent audits, the tax authorities are more and more interested in assessing transfer pricing operations and VAT on services rendered in Equatorial Guinea by foreign vendors.