Angola: Entorn econòmic
All entities with a turnover or goods import operations higher than AOA 350,000,000 are liable to the standard VAT regime. These taxpayers and those that choose to be framed in the standard regime should assess VAT on the supplies of goods and services and, in principle, are able to deduct the VAT incurred on their purchases. Entities operating in the manufacturing industry are always obliged to be on the standard VAT regime. However, the entities operating in the manufacturing industry whose turnover or import of goods is less than AOA 10,000,000 can be excluded from the standard VAT regime.
Entities that exceed a turnover or engage in goods import operations surpassing AOA 350,000,000 are obligated to adhere to the standard VAT regime. These taxpayers, as well as those who opt for the standard regime voluntarily, are responsible for evaluating VAT on their supplies of goods and services. They generally have the ability to deduct the VAT paid on their purchases. In the manufacturing industry, all entities are required to follow the standard VAT regime. However, entities operating in manufacturing but having a turnover or import of goods below AOA 10,000,000 may be exempted from the standard VAT regime.
Every corporate and individual entity engaged in taxable economic activities is required to complete registration with the appropriate tax department. The documentation for the commencement of activities must be submitted no later than 15 days before the planned start of operations.
Exempt supplies include medication and other related products for therapeutic and prophylactic ends; wheelchairs and similar vehicles destined for people with disabilities as well as braille machines and other gadgets used to correct learning disabilities; books; leasing and letting of immovable property for housing purposes (excluding the accommodation services provided by hotels and entities with similar activity); collective public transportation services; banking and financial operations carried out by banking financial institutions and non-banking financial institutions, including the financial leasing; insurance activities; supply of fuels according to Annex II of the VAT Code.
Exports are zero-rated.
A reduced rate of 5% applies to certain food products and agricultural inputs. For the items listed in Annex I of OGE 2022, the reduced rate stands at 7% (e.g. milk, beans, rice, water, meat, fish, eggs, soap, and other agricultural inputs).
Hotel and restaurant services are eligible for the 7% reduced rate only if the service providers fulfill the following requirements simultaneously:
Taxpayers paying corporate tax are divided into 2 groups: the general regime applies to taxpayers whose revenue is over USD 250,000 for two consecutive or non-consecutive years; the simplified regime applies to taxpayers with business turnover below or equal to USD 250,000.
Public companies, public entities, financial institutions, companies under special tax regimes, telecom companies, and subsidiaries or branches of foreign entities are excluded from the simplified regime.
A property tax (IPU) is levied on income from real estate. The rate is 25% for rental income; however, it only applies to 60% of income, which results in an effective rate of 15%. For real estate that is not rented, the tax only applies at a rate of 0.5% if the value of the property exceeds 6 million AOA (plus AOA 5,000 for a value between AOA 5 and 6 million). Property transfer taxes (SISA) amount to 2% of the higher of (i) the selling price or (ii) the property value registered for tax purposes.
Social security contributions payable by the employer amount to 8% of the salary and cover the health insurance and the pension plan.
An investment income tax of 15% applies to standard interest gains (credit, loan; 10% for dividends and repatriation of profits; bond interest; interest from shareholder loans; capital gains; and royalties; 5% for interest and capital gains on bonds, securities, or other financial instruments and dividends and capital gains on shares when traded in a regulated market).
| Angola | Sub-Saharan Africa | United States | Germany | |
| Number of Payments of Taxes per Year | 31.0 | 36.6 | 10.6 | 9.0 |
| Time Taken For Administrative Formalities (Hours) | 287.0 | 284.8 | 175.0 | 218.0 |
| Total Share of Taxes (% of Profit) | 49.1 | 47.3 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
| Income tax (in AOA) | Progressive rates from 0% to 17% |
| Up to 70,000 | 0% |
| Between 70,001 and 100,000 | 3,000 + 10% upon the excess of 70,000 |
| Between 100,001 and 150,000 | 6,000 + 13% upon the excess of 100,000 |
| Between 150,001 and 200,000 | 12,500 + 16% upon the excess of 150,000 |
| Between 200,001 and 300,000 | 31,250 + 18% upon the excess of 200,000 |
| Between 300,001 and 500,000 | 49,250 + 19% upon the excess of 300,000 |
| Between 500,001 and 1,000,000 | 87,250 + 20% upon the excess of 500,000 |
| Between 1,000,001 and 1,500,000 | 187,250 + 21% upon the excess of 1,000,000 |
| Between 1,500,001 and 2,000,000 | 292,250 + 22% upon the excess of 1,500,000 |
| Between 2,000,001 and 2,500,000 | 402,250 + 23% upon the excess of 2,000,000 |
| Between 2,500,001 and 5,000,000 | 517,250 + 24% upon the excess of 2,500,000 |
| Between 5,000,001 and 10,000,000 | 1,117,250 + 24.5% upon the excess of 5,000,000 |
| Above 10,000,001 | 2,342,250 + 25% upon the excess of 10,000,000 |
| Self-employed workers | 25% Fees paid to self-employed individuals are subject to a 6.5 % withholding tax when the payer has organized or simplified accounting models. |
| Individuals carrying out industrial or commercial activitiy | 25% (applicable to profits established in the minimum profits table), 6.5% (applicable to the turnover if it exceeds four times the maximum value established in the minimum profits table) |
Residents are taxed on their global income, whereas non-residents are taxed at the same rates as residents only on their Angola-sourced income.
In accordance with the General Tax Code, an individual is considered a resident of Angola for tax purposes if they meet either of the following conditions:
Vols fer algun comentari sobre aquest contingut? Escriu-nos.
© eexpand, Tots els drets reservats.
Actualitzacions: October 2024
