Equatorial Guinea vs Cape Verde
Tax Rate Comparison
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💰 Personal Income Tax Calculator
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Individual Income Tax (Top Marginal Rate)
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🇬🇶 Equatorial Guinea — Equatorial Guinea Tax System
Equatorial Guinea has progressive income tax up to 35%. VAT is 15%. The country became sub-Saharan Africa's third-largest oil producer after 1995 oil discoveries, making it one of the wealthiest by GDP per capita — but extreme inequality means most citizens remain poor. The Obiang family has ruled since 1979. Oil revenue is declining; diversification efforts continue.
🇨🇻 Cape Verde — Cape Verde Tax System
Cape Verde (Cabo Verde) has a progressive income tax system up to 27.5%. IVA (VAT) is 15%. As a small island developing state with few natural resources, the economy depends on tourism and remittances. The country has a relatively good governance record for West Africa and is pursuing double taxation agreements. A 10% withholding tax applies to dividends and interest.
Equatorial Guinea vs Cape Verde: Key Tax Differences (2026)
💰 Income Tax: 🇬🇶 Equatorial Guinea has a higher top income tax rate (0–35% vs 0–27.5%). 🇨🇻 Cape Verde is more favourable for high earners.
🛒 VAT/Sales Tax: Both countries have comparable consumption tax rates (15% vs 15%).
🏢 Corporate Tax: 🇨🇻 Cape Verde offers a lower corporate rate (25% vs 35%), which can influence business location decisions.
📈 Capital Gains: 🇨🇻 Cape Verde taxes investment gains at a lower rate (25% vs 35%), benefiting investors.