Equatorial Guinea vs South Korea
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π¬πΆ Equatorial Guinea β 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 β but extreme inequality means most citizens remain poor. The Obiang family has ruled since 1979. Oil revenue is declining; diversification efforts continue.
π°π· South Korea β Local Income Tax & Resident Tax
South Korea's 17 metropolitan/provincial governments levy local income tax at 10% of national income tax. Property holding tax (Jongbu-se) is a national progressive tax on higher-value properties. Local education taxes and acquisition taxes apply to property transfers. Seoul has higher effective rates due to property values.
Equatorial Guinea vs South Korea: Key Tax Differences (2026)
π° Income Tax: π°π· South Korea has a higher top income tax rate (0β35% vs 6β45%). π¬πΆ Equatorial Guinea is more favourable for high earners.
π VAT/Sales Tax: Equatorial Guinea has a higher consumption tax (15% vs 10%).
π’ Corporate Tax: π°π· South Korea offers a lower corporate rate (24% vs 35%), which can influence business location decisions.
π Capital Gains: π¬πΆ Equatorial Guinea taxes investment gains at a lower rate (35% vs 45%), benefiting investors.