GQ · AfricaLY · Africa
Equatorial Guinea vs Libya: tax rates compared
Equatorial Guinea has an income tax rate of 25%, 15pp above Libya's 10%. The 200-country average is 28%: both sit below it. Equatorial Guinea's figure is dated 2025-11-21 and Libya's 2026-05-31, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GQ | LY | Difference |
|---|---|---|---|
| Income Tax | 25% | 10% | GQ +15 pplargest gap |
| Corporate Tax | 25% | 20% | GQ +5 pp |
| VAT | 15% | 0% | GQ +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | Source: PwC Worldwide Tax Summaries — Equatorial Guinea, Individual - Taxes on personal income · as of 2025-11-21 |
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +15 pp | Equatorial Guinea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Equatorial Guinea higher |
Equatorial Guinea has a corporate tax rate of 25%, 5pp above Libya's 20%. The 201-country average is 22.6%: Equatorial Guinea sits above it, Libya sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 15% | Source: PWC Worldwide Tax Summaries — Equatorial Guinea (Corporate, Other taxes) · as of 2025-11-21 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Difference | +15 pp | Equatorial Guinea higher |
Equatorial Guinea has a VAT rate of 15%, 15pp above Libya's 0%. The 181-country average is 15%: Equatorial Guinea matches the world average, Libya sits below it. Equatorial Guinea's figure is dated 2025-11-21 and Libya's 2026-05-31, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-21 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Difference | 0 pp | displayed rates match |
Equatorial Guinea and Libya share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Equatorial Guinea's figure is dated 2025-11-21 and Libya's 2026-05-31, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.