Quick overview
| Standard Rate | Reduced Rate | Other Rates |
| 15% | 6% | Zero-rated (0%) and exempt |
The local name for VAT in Equatorial Guinea is Impuesto sobre Valor Añadidos (IVA).
There are basically 2 VAT rates in Equatorial Guinea:
- Standard VAT rate is 15%
- Reduced VAT rate is 6%
Recent developments
For more information about (recent) rate change developments in Equatorial Guinea, please click HERE.
Standard rate: 15%
This rate applies for all transactions that take place in Equatorial Guinea, unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).
Reduced rate: 6%
Goods and services taxable at 6%
- Basid food: Meats and poultry, bread, rice
- Milk and cream that are not concentrates, and not containing sugar or other sweeteners, Milk and cream concentrated or sweetened
- Prepared foods for children
- Books and school books
Exempted transactions
Exempt supplies of goods and services
- Raw agricultural, livestock, fishing and hunting products, sold directly to the end consumer by the owner
- Sale of products resulting from soil and subsoil extraction activities
- Operations transmitting real estate between individuals that do not qualify as real estate developers and that are subject to asset transfer tax
- Travelers with small imports when the value of the goods does not exceed XAF500,000
- Banking, insurance and reinsurance operations, which are subject to a specific tax, interest
- Operations transferring real estate, and real estate rights and mutations of goodwill that are subject to the asset transfer tax or other equivalent taxes
- Medical services, including transportation of accident victims and sick people, and medical assistance to individuals provided by public hospitals and health centers, or similar agencies, and medical assistance provided by members of the medical and paramedic corps
- Staple commodities, as well as their supplies, the supplies of livestock and fishing products used by producers, as long as said products are exempt
- Services provided in the field of school or university teaching by public and private establishments or similar agencies
- Importation and sale of school or university books
- Sale of newspapers and periodicals, not including income received from advertising
- Air & ship transportation means
- Social, educational, sports, cultural, philanthropic or religious services or operations provided to their members by nonprofit benevolent and charitable agencies, as long as said operations can be directly related to the collective defense of the moral or material interests of their members. However, these are taxable when they are in a situation of competition with the private sector
Zero rate (0%)
- Pharmaceutical produtcs: Insulin and its salts, Quinine and its salts, Antibiotics, Fertilizers, Dental wax, X-ray plates, tapes and films, Medical-surgical sterilizers for laboratories, Medical surgical devices
- Insecticides
- Rubber hygiene and pharmacy items (including surgical gloves)
- Glass for eyeglasses, Corrective lenses
- Wheelchairs and other vehicles for the physically challenged, Spares for wheelchair and other vehicles for the physically challenged
This post was last updated on December 31, 2021.
