Equatorial Guinea

Individual - Income determination

Last reviewed - 07 May 2024

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).