Sao Tome and Principe vs Sierra Leone
Tax Rate Comparison
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π° Personal Income Tax Calculator
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πΈπΉ Sao Tome and Principe β Sao Tome & Principe Tax System
Sao Tome and Principe is a small island nation in the Gulf of Guinea with progressive income tax up to 25%. IVA (VAT) is 15%. The economy has long been dominated by cocoa exports and foreign aid. Offshore oil potential (Joint Development Zone with Nigeria) has not yet materialized in significant production. The country joined the EITI (Extractive Industries Transparency Initiative).
πΈπ± Sierra Leone β Sierra Leone Tax System
Sierra Leone has progressive income tax up to 35%. NRA (National Revenue Authority) administers tax collection. The country is recovering from the Ebola epidemic (2014β16) and remains heavily aid-dependent. Mineral exports (iron ore, diamonds, titanium) are key. A 15% GST applies. The 2023 elections brought a new government focused on domestic revenue mobilization.
Sao Tome and Principe vs Sierra Leone: Key Tax Differences (2026)
π° Income Tax: πΈπ± Sierra Leone has a higher top income tax rate (0β25% vs 0β35%). πΈπΉ Sao Tome and Principe is more favourable for high earners.
π VAT/Sales Tax: Both countries have comparable consumption tax rates (15% vs 15%).
π’ Corporate Tax: πΈπΉ Sao Tome and Principe offers a lower corporate rate (25% vs 30%), which can influence business location decisions.
π Capital Gains: πΈπΉ Sao Tome and Principe taxes investment gains at a lower rate (25% vs 30%), benefiting investors.