Equatorial Guinea’s Financial Law for 2019 was reportedly published in the Official Gazette on 19 December 2018. The main tax measures include:
- Payments made to nonresident subcontractors are subject to withholding tax at the rate of 20% instead of the previous 10% rate;
- Dividend withholding tax rates are clarified:
- Dividends paid to non-residents are subject to withholding tax at the rate of 25%; and
- Dividends paid to resident companies are subject to withholding tax at the rate 10% while t…