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 30 April 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 15 July and 15 January.

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

The inspection procedure must be concluded within the following period:

1. Three months in the case of verifications with limited scope.
2. Six months in the case of verifications with general scope.

The on-site interventions provided for in (ii) may be extended for an additional six 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 increasingly interested in assessing transfer pricing operations and VAT on services rendered in Equatorial Guinea by foreign vendors.