Equatorial Guinea
Individual - Income determination
Last reviewed - 07 May 2024Employment 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.
Benefit in kind included in taxable income are assessed as follows:
- Housing: 15% of gross salary.
- Household: 5% of gross salary.
- Water and electricity: 5% of gross salary.
- Company vehicle: 10% of gross salary.
- Food: 15% of gross salary (with a maximum of XAF 300,000 per person/per month).