GQ · AfricaPG · Oceania
Equatorial Guinea vs Papua New Guinea: tax rates compared
Papua New Guinea's income tax rate is 17pp higher than Equatorial Guinea's (42% vs 25%). The 200-country average is 28%: Equatorial Guinea sits below it, Papua New Guinea sits above it. Equatorial Guinea's figure is dated 2025-11-21 and Papua New Guinea's 2026-03-27, 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 | PG | Difference |
|---|---|---|---|
| Income Tax | 25% | 42% | PG +17 pplargest gap |
| Corporate Tax | 25% | 30% | PG +5 pp |
| VAT | 15% | 10% | GQ +5 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 |
| Papua New Guinea | 42% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Taxes on personal income) · as of 2026-03-27 |
| Difference | −17 pp | Papua New Guinea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Papua New Guinea | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Papua New Guinea higher |
Papua New Guinea's corporate tax rate is 5pp higher than Equatorial Guinea's (30% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 15% | Source: PWC Worldwide Tax Summaries — Equatorial Guinea (Corporate, Other taxes) · as of 2025-11-21 |
| Papua New Guinea | 10% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Corporate, Other taxes) · as of 2026-03-27 |
| Difference | +5 pp | Equatorial Guinea higher |
Equatorial Guinea's VAT rate is 5pp higher than Papua New Guinea's (15% vs 10%). The 181-country average is 15%: Equatorial Guinea matches the world average, Papua New Guinea sits below it. Equatorial Guinea's figure is dated 2025-11-21 and Papua New Guinea's 2026-03-27, 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 |
| Papua New Guinea | 0% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Equatorial Guinea's wealth tax rate is identical to Papua New Guinea's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Equatorial Guinea's figure is dated 2025-11-21 and Papua New Guinea's 2026-03-27, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.