Equatorial Guinea

{"ftc_utility":"high","fbar_trigger_notes":"US expats working in Equatorial Guinea typically hold local bank accounts through employer arrangements. Any account exceeding $10,000 in aggregate with all foreign accounts triggers FBAR filing on FinCEN Form 114. Banking infrastructure is limited; the BEAC (Bank of Central African States) framework governs local banks. Expats should track account balances carefully.","ftc_utility_reason":"Equatorial Guinea imposes income tax on residents at rates up to 25%. US expats who owe Equatorial Guinea income tax on the same income taxed by the US can use the Foreign Tax Credit to offset US liability. The FTC is particularly useful where FEIE is exhausted or where the individual earns income not covered by FEIE (e.g. investment income). The 25% top rate provides meaningful credit against US federal rates.","presence_day_count_notes":"Equatorial Guinea does not operate a formal visa-on-arrival or long-stay visa system widely accessible to US nationals. Entry and residence permits can be difficult to obtain and may require employer sponsorship. This can complicate establishing the 330-day count, though the 330 days need not be in a single country. Most US expats in Equatorial Guinea are oil industry workers on employer-sponsored permits.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":18000,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by a tax resident is included in assessable income and taxed at progressive PIT rates up to 25%. No specific pension income exemption exists under domestic law.","tax_rate":0.25,"locally_taxed":true},"social_security":{"notes":"No totalization agreement or income tax treaty between the US and Equatorial Guinea. US Social Security benefits received by a resident would technically be subject to local PIT. Practical enforcement is low but there is no treaty exemption.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No treaty protection. Roth distributions may be treated as income by Equatorial Guinea tax authorities. The tax-exempt character under US law is not recognized locally. In practice, enforcement for foreign-source pension income is limited but the statutory position is taxable.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"No US-Equatorial Guinea tax treaty exists. Distributions from US 401(k) or IRA accounts received by a tax resident of Equatorial Guinea would be treated as ordinary income and taxed at progressive PIT rates up to 25%. No treaty relief is available.","tax_rate":0.25,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.25,"notes":"Equatorial Guinea does not have a separate capital gains tax. Gains are generally included in taxable income and subject to progressive personal income tax rates up to 25%.","details":{"tax_type":"Capital Gains Tax","country_name":"Equatorial Guinea","country_iso_code":"GNQ","source_references":["PwC Worldwide Tax Summaries - Equatorial Guinea"],"last_verified_date":"2026-06-03","general_description":"No standalone CGT regime exists. Capital gains realized by individuals are treated as ordinary income and taxed at progressive PIT rates up to 25%. Corporate capital gains are included in taxable corporate income at the standard CIT rate.","corporate_capital_gains":{"rate":0.35,"tax_treatment":"Included in taxable corporate income; taxed at the standard corporate income tax rate of 35%."},"individual_capital_gains":{"rate":0.25,"tax_treatment":"No separate CGT; gains included in ordinary income and taxed at progressive PIT rates up to 25%."}}}

{"notes":"Dividends paid to non-resident individuals and foreign companies are subject to withholding tax. The standard withholding rate on dividends is 25%. No special reduced rate applies absent a tax treaty, and Equatorial Guinea has a limited treaty network.","rates":[{"rate":0.25,"type":"withholding","notes":"Standard withholding rate on dividends paid to non-residents."},{"rate":0.25,"type":"progressive","notes":"Dividends received by resident individuals are included in taxable income subject to progressive PIT rates up to 25%."}]}