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Equatorial Guinea Reduces General Withholding Tax Rate for Non-Resident Legal Persons

|Approved Changes|Eq. Guinea
Eq. Guinea

Equatorial Guinea reportedly published its Financial Law for 2020 on 12 December 2019, which is generally effective from 1 January 2020. The main tax-related measure of the law is a change in the general withholding tax rate on payments to non-residents. As per the Financial Law for 2019, the rate was increased from 10% to 20% for all non-residents. Under the Financial Law for 2020, it is provi…

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