Equatorial Guinea vs Spain
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ฌ๐ถ Equatorial Guinea โ 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 โ but extreme inequality means most citizens remain poor. The Obiang family has ruled since 1979. Oil revenue is declining; diversification efforts continue.
๐ช๐ธ Spain โ Autonomous Community & Municipal Taxes
Spain's 17 autonomous communities set their own half of income tax. Madrid applies significant reductions while Catalonia has higher regional rates. The Basque Country and Navarre have special tax regimes (concierto econรณmico). Municipal taxes include IBI (property tax) and IAE (business activity tax). Effective top rates (national + regional) range from ~43% (Madrid) to ~54% in some communities.
Equatorial Guinea vs Spain: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ช๐ธ Spain has a higher top income tax rate (0โ35% vs 19โ47%). ๐ฌ๐ถ Equatorial Guinea is more favourable for high earners.
๐ VAT/Sales Tax: Spain has a higher consumption tax (15% vs 4โ21%).
๐ข Corporate Tax: ๐ช๐ธ Spain offers a lower corporate rate (25% vs 35%), which can influence business location decisions.
๐ Capital Gains: ๐ช๐ธ Spain taxes investment gains at a lower rate (28% vs 35%), benefiting investors.