According to recent reports, Equatorial Guinea enacted Law No. 1/2024 in November 2024, which introduced a new Tax Code with effect from 1 January 2025. Some of the key changes in the new Tax Code include:

• A reduction in the corporate income tax rate from 35% to 25%;
• The introduction of a 1.5% minimum tax on turnover that must be paid twice a year by 15 July of the current year in respect of t…