Equatorial Guinea

EQUATORIAL GUINEA – 13 civil servant arrested and detained for tax evasion

It is not good to confuse its own goods with tax revenues in Equatorial Guinea. 13 government officials have just learned it at their expense. On 16 July 2020, they were taken into custody for having participated in an illicit stamp tax trade, and they risk prison sentences ranging from six to ten years. These 13 unfortunate individuals had been trafficking in tax stamps for over 05 years. The excavations carried out at their homes made it possible getting hold of stamps [...]



By the publication of the Law 2015 Financial n°4/2014, EG government has significantly amended Corporate income Tax, mainly regarding minimum tax and the cancellation of some exemptions in tax and customs duties. Since January 1st 2015, the main changes are: All the existing exemptions are cancelled All companies must renegotiate their tax and customs exemptions with the Ministry of Finances and Budget Failure to renegotiate will subject a company to all taxes and customs duties applicable to its activities in EG Value added tax, Personal [...]