Solomon Islands vs Equatorial Guinea
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.
πΈπ§ Solomon Islands β Solomon Islands Tax System
The Solomon Islands levies income tax at progressive rates up to 40%. GST (Goods and Services Tax) replaced import duties for many items. Tax administration is handled by the Inland Revenue Division. Logging, fishing, and subsistence agriculture dominate the economy. Political instability and dependence on aid are ongoing challenges.
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.
Solomon Islands vs Equatorial Guinea: Key Tax Differences (2026)
π° Income Tax: πΈπ§ Solomon Islands has a higher top income tax rate (0β40% vs 0β35%). π¬πΆ Equatorial Guinea is more favourable for high earners.
π VAT/Sales Tax: Equatorial Guinea has a higher consumption tax (10% vs 15%).
π’ Corporate Tax: πΈπ§ Solomon Islands offers a lower corporate rate (30% vs 35%), which can influence business location decisions.
π Capital Gains: πΈπ§ Solomon Islands taxes investment gains at a lower rate (0% vs 35%), benefiting investors.