Verified Facts
The tax rates in Angola range from 0% to 25% for personal income tax, with a corporate tax rate of 25% and a value-added tax (VAT) rate of 10%.
Tax laws change frequently. Always consult a qualified tax professional for advice specific to your situation. This is a general guide only.
Quick Facts
Tax System Overview
Angola has a territorial taxation system, where only income earned within the country is subject to tax, except for residents who are taxed on their worldwide income. To be considered a tax resident in Angola, an individual must have a permanent home in the country, or spend more than 183 days in a calendar year in the country. The tax system is administered by the General Tax Administration (AGT) and is based on the Tax Code, which was last updated in 2014.
The tax authorities in Angola have been making efforts to improve tax compliance and increase revenue collection. This includes the introduction of new tax laws and regulations, as well as the use of technology to facilitate tax filing and payment. As a result, taxpayers in Angola must be aware of their tax obligations and ensure that they are in compliance with all relevant laws and regulations.
Personal Income Tax
| Income Bracket (AOA) | Tax Rate |
|---|---|
| 0 - 69,000 | 0% |
| 69,001 - 140,000 | 10% |
| 140,001 - 210,000 | 15% |
| 210,001 - 280,000 | 20% |
| above 280,000 | 25% |
| Taxpayers in Angola are allowed to claim deductions for certain expenses, such as mortgage interest, charitable donations, and education expenses. Tax allowances are also available for dependents and other family members. Tax returns must be filed by the end of March each year, and tax payments can be made in installments throughout the year. |
Corporate & Business Tax
- The corporate tax rate in Angola is 25%, with a reduced rate of 15% for small and medium-sized enterprises (SMEs) that meet certain criteria.
- Small business incentives are available, including reduced tax rates and exemptions from certain taxes, for businesses that operate in certain sectors or regions.
- Free zones have been established in Angola to attract foreign investment and promote economic development, with benefits including exemption from customs duties and taxes.
- Registration requirements for businesses in Angola include obtaining a tax identification number and registering with the relevant tax authorities.
- Companies in Angola must file tax returns by the end of March each year, and must also file annual accounts and other reports with the tax authorities.
VAT / Sales Tax
- The standard VAT rate in Angola is 10%, with reduced rates of 5% and 2% applying to certain goods and services, such as basic foodstuffs and pharmaceuticals.
- Exemptions from VAT are available for certain goods and services, including health and education services, and for businesses that meet certain criteria.
- A tourist refund scheme is available in Angola, allowing foreign visitors to claim a refund of VAT paid on certain goods and services.
- VAT returns must be filed by the end of each month, and VAT payments must be made by the 20th of the following month.
For Expats & Foreign Workers
- Tax residency rules for expats in Angola are based on the number of days spent in the country, with individuals who spend more than 183 days in a calendar year being considered tax residents.
- Double taxation treaties are in place between Angola and several countries, including Portugal, Brazil, and China, to prevent double taxation of income.
- Social security contributions are required for employees in Angola, with contributions ranging from 3% to 8% of salary.
- Remittance rules in Angola require that foreign workers obtain a permit from the tax authorities before remitting funds abroad.
- Expats in Angola may be eligible for certain tax allowances and deductions, such as the foreign earned income exclusion.
- Tax returns for expats in Angola must be filed by the end of March each year, and must include information on worldwide income and tax paid in other countries.
Crypto & Investment Income
- Investment income, including dividends and interest, is subject to tax in Angola, with rates ranging from 10% to 25%.
- Capital gains tax is included in income tax, with a rate of 20% applying to gains from the sale of securities and other assets.
- Cryptocurrency is subject to tax in Angola, with gains from the sale of cryptocurrency being taxed as capital gains.
- Taxpayers in Angola must declare all investment income, including cryptocurrency, on their tax return, and must also keep records of all transactions and investments.