Somalia 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΄ Somalia β Somalia Tax System
Somalia's formal tax system is extremely limited. The Federal Government has been rebuilding fiscal capacity since 2012 after decades of civil war. Tax revenue is less than 2% of GDP. Customs duties at ports (especially Mogadishu) are the main revenue source. Al-Shabaab controls much of the south and runs a parallel extortion-based taxation system. Income tax legislation exists on paper but enforcement is minimal.
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.
Somalia vs Equatorial Guinea: Key Tax Differences (2026)
π° Income Tax: π¬πΆ Equatorial Guinea has a higher top income tax rate (0β30% vs 0β35%). πΈπ΄ Somalia is more favourable for high earners.
π VAT/Sales Tax: Equatorial Guinea has a higher consumption tax (10% vs 15%).
π’ Corporate Tax: πΈπ΄ Somalia offers a lower corporate rate (30% vs 35%), which can influence business location decisions.
π Capital Gains: πΈπ΄ Somalia taxes investment gains at a lower rate (0% vs 35%), benefiting investors.