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Angola Corporate - Other taxes

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Value-added tax (VAT)

From 1 October 2019 onwards, VAT entered into force in Angola, and the consumption tax was revoked.

The Angolan VAT system is a modern regime with a rate of 14% and a broad tax base. Note that the regime has some particularities, such as the captivation regime and refunds through tax credit certificates.

Until the end of 2020, a transitional regime will be in force, during which:

  • only companies registered in the Large Taxpayers’ Tax Office are subject to the general VAT regime
  • companies not included in the list of large taxpayers but with a turnover or imports of goods higher than an amount of circa 250,000 United States dollars (USD) will be subject to a simplified taxation regime (the exact amount is the equivalent amount in Kwanzas that is established in article 5 (2) of Law 30/11, of 13 September, on Micro, Small and Medium Companies), and
  • the remaining companies will not be considered taxpayers for VAT purposes (non-taxation regime).

As of 1 January 2021, the simplified regime (second point above) ceases and the taxpayers will then be subject to the standard VAT regime.

The simplified regime

Companies under the simplified regime are considered taxpayers for VAT purposes.

Taxpayers under this simplified regime:

  • do not charge VAT to their customers (invoices issued by these taxpayers shall not include VAT)
  • self-assess VAT at a 3% rate when acquiring services from foreign suppliers
  • pay VAT at a 14% rate on imports of goods
  • are allowed to recover 4% of input VAT, and
  • shall pay an amount of tax corresponding to 3% of the revenue/sales effectively received from clients (based on receivables), less the input VAT deductible, on a quarterly basis.

Taxpayers under the simplified regime may opt to be included in the general VAT regime if all the following requirements are fulfilled:

  • Annual turnover/imports of USD 250,000 (the equivalent in Kwanzas).
  • Organised accounting according to Angolan PGC (Angolan GAAP).
  • Absence of tax and customs debt.
  • Registration duly updated in the system of the General Register of Taxpayers.
  • Issuance of invoices/equivalent documents through certified billing software.
  • Submission by electronic transmission of data regarding the VAT returns, as well as the elements of its accounts.

The standard regime

Large taxpayers and taxpayers who choose to be included in the standard regime will assess VAT on the supplies of goods and services and, in principle, will be able to deduct the VAT incurred on their purchases.

The taxpayers subject to this regime should:

  • Assess VAT on invoices issued.
  • File a monthly VAT return up to the end of the month following the one in which the operations were carried out (file all the respective annexes of the VAT return).
  • Have proper accounting.

Exemptions

The following supplies are VAT exempt:

  • Various products (milk, beans, rice, flour, cooking oil, sugar, and soap).
  • Pharmaceutical products intended exclusively for therapeutic and prophylactic purposes.
  • Wheelchairs and similar vehicles, typewriters and printers for braille characters, and articles to be used by the blind.
  • Books, including in digital form.
  • Lease of immovable property for housing purpose.
  • Transactions subject to real estate transfer tax (SISA), even if exempted.
  • Games of chance and of social entertainment, as well as the respective commissions and all related transactions, when they are subject to Special Tax on the Games.
  • Collective transport of passengers.
  • Financial intermediation operations, including financial leasing, except for those where a specific and predetermined fee is charged for the service.
  • Provision of life insurance and reinsurance.
  • Petroleum products.
  • Provision of educational services by duly recognised establishments.
  • Provision of health medical services performed by hospitals, clinics, and the like.
  • Transport of sick or injured persons by appropriate authorised bodies in ambulances or vehicles.
  • Medical equipment for the exercise of the activity of health establishments.

Exports and sale of various products as defined in Annex 1 of the VAT code are classified as zero rated.

Customs duties

Customs duties are levied on imports at ad valorem rates varying from 2% to 70%.

Listed equipment may be imported temporarily if a guarantee is provided in favour to the Angola Tax Authorities. In addition, a 1% stamp tax is due on importation plus customs fees (from 2%).

The export of goods that are not produced in Angola is subject to customs duties at the rate of 20% plus customs fees (at rate of 0.5%) computed on the customs value, with the exception of goods covered by the Customs Regime Applicable to the Petroleum and Mining Sectors.

A special exemption regime applies for the oil industry for some listed equipment.

Excise duties

From 1 October 2019 onwards, excise duty entered into force in Angola.

All production, imports, and sales by public auction are subject to excise duty, with different rates of 2%, 5%, 19%, and 25%, depending on the product. The rates applicable to the oil derivatives remain, generally, at 2%.

The excise duty code covers operations with the following products:

  • Sugar and alcoholic beverages.
  • Tobacco and its derivatives.
  • Fireworks.
  • Jewellery and goldsmith articles.
  • Aircraft and pleasure craft.
  • Firearms.
  • Art objects, collages, and antiques.
  • Petroleum products.
  • Vehicles.
  • Plastic bags and straws.
  • Tires, as specified in the table of Annex I of the Excise Duties Code.

Producers are required to assess the excise duties when goods are made available to purchasers/clients and should be submitted in duplicate and electronically, until the last day of each month.

The Excise Duties Code also provides for some exemptions, including:

  • Exports by the producer itself.
  • Goods imported by international organisations.
  • Raw materials for domestic industry.
  • Goods intended for laboratory and scientific research purposes.
  • Personal goods defined by customs legislation.
  • Consumer goods as shipboard supplies.
  • Products sold on board.
  • Products benefiting from the suspension of customs duties.
  • Products sold in duty-free stores.

Stamp tax

With the implementation of the VAT and Excise Duties Codes, financing operations, leasing, report, insurance, and reinsurance transactions that are subject and not exempted from VAT are exempt from stamp tax. In addition, the VAT Code revoked stamp tax on customs.

Additionally, with the entrance into force of the VAT, the taxable persons covered by the general regime of the VAT, as well as those covered by the transitional regime, are exempt from 1% stamp tax on the receipts (in cash or in kind).

Stamp tax is payable on a wide variety of transactions and documents, at specific amounts or at a percentage based on value.

If not liable to VAT, the following transactions/documents may be subject to stamp tax:

Type of operations Stamp tax rates
On receipts:
Stamp tax on receipts (in cash or in kind). (1) 1%
Financing operations:
Stamp tax is applicable to the use of credit in general at rates depending on the period. Period less than or equal to one year: 0.5%
Period greater than one year: 0.4%
Period greater than or equal to five years: 0.3%
Period not determined (e.g. current account), per month by the monthly average of the debt: 0.1%
Real estate operations:
Stamp tax is due on the acquisition for consideration of property. 0.3%
Stamp tax is also due on letting and sub-letting, as well as on financial leasing of real estate, except when the leasing is for a permanent dwelling, which is exempt from stamp tax. Commercial purposes: 0.4%
Residential purposes: 0.1%
Corporate acts:  
Stamp tax is due on the initial or increase of share capital, whether made in cash or in kind. 0.1%
Insurance:  
Insurance provided by national companies is subject to stamp tax. The tax is settled by the insurance company, and the cost is recharged to the insured person. The commissions generated in the insurance mediation business are also subject to stamp tax.

Premiums and commission related to life insurance products, insurance against accidents at work, health insurance, and agricultural processing and livestock insurance are exempt from stamp tax.
The stamp tax applies on the amount of premium paid, and rates may vary from 0.1% to 0.3%, depending on the policy’s nature.
Commissions for mediation are subject to stamp tax at a rate of 0.4%.
Other operations:  
In addition to the operations referred to above, stamp tax is also applicable to written agreements, checks, lending, civil deposits, gambling, licences, traders’ books, deeds, report, credit bonds, and transfer of business, among other acts. Rates vary depending on the nature of the transaction.

Notes

  1. The entities covered by the standard VAT regime or the ones under the simplified VAT regime should be exempt from stamp tax on receipts.

Real estate income tax (IPU)

IPU is levied on rental income earned by individuals or companies owning real estate assets. It is based on actual rental income when the assets are leased and on the assets’ registered value when the assets are not leased.

Leased assets

IPU is levied on rental income at a 25% nominal rate. However, the tax basis is only 60% of the rental income, as it is presumed that 40% relates to costs. Consequently, the effective IPU rate for rental income is 15%.

Assets that are not leased

IPU is levied as follows for the ownership of assets that are not leased:

Patrimonial value (AOA) IPU rate (%)
Up to 5 million 0
Over 5 million (on the excess) (1) 0.5

Notes

  1. For example, an asset registered at AOA 35 million will pay IPU only on AOA 30 million, resulting in an IPU payable of AOA 150,000.

Exemptions

The following entities are exempt from IPU:

  • Certain public entities and associations that are granted the status of a public interest body.
  • Foreign states, when the properties are allocated to the diplomatic representation or consular, provided there is reciprocity.
  • Legalised religious institutions, when the property is allocated to religious matters.

Payment

Rents paid by Angolan companies or individuals that carry out a commercial activity are subject to withholding tax (WHT) of 15%. The IPU withheld must be paid to the tax authorities by the end of the following month.

For property not leased, the respective owners must pay the IPU in January and July of the following year. The payment in four instalments (January, April, July, and October) is possible if approved by the tax authorities.

Filing requirements

IPU Model 1 must be filed by the taxpayers each January, disclosing the rents effectively collected in the previous year and the leasing agreements.

Real estate transfer tax (SISA)

SISA is levied at a 2% rate for all acts that involve the transfer for consideration of property.

The taxable basis is the higher of (i) the selling price or (ii) the property value registered for tax purposes.

The following entities are exempt from SISA:

  • Certain public entities and associations that are granted the status of a public utility.
  • Foreign states, when the properties are allocated to the diplomatic representation or consular, provided there is reciprocity.
  • Legalised religious institutions, when the property is allocated to religious matters.

Payroll taxes

Employment income tax (PIT)

Resident and non-resident individuals earning income from services directly or indirectly provided to individuals or corporate entities in Angola are subject to monthly taxation (PIT) at rates progressing from 0% to 17%. Angola operates a fairly straightforward pay-as-you-earn (PAYE) system, in which the Angolan employer withholds monthly from each employee's gross compensation the Angolan income tax.

Individuals only deriving employment income are not required to file tax returns, as the employment income tax is withheld at source by their employer.

Social security contributions

Social security contributions are due on the gross income of employees at rates of 3% for the employee (8% in case of retired employees) and 8% for the employer.

The contributions are intended to cover family, pension, and unemployment protection.

Special contribution

The Special Contribution is levied on payments due to non-residents under Foreign Technical Assistance and Management Contracts governed by the Presidential Decree 273/11, of 27 October.

This regime introduces restrictions on the payment for technical assistance and management services to foreign entities, particularly by imposing a special contribution of 10% on the amount of the transfer due by the entity requesting the transfer of funds abroad.

This regime applies to both private and public companies. Petroleum activities are not liable to the special contribution.


Last Reviewed - 04 October 2019

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Angola contacts
Jaime Esteves Title = Jaime Esteves width=55px
Jaime Carvalho EstevesTax Lead Partner+351 213 599 601
Cristina Teixeira Title = Cristina Teixeira width=55px
Cristina TeixeiraTax Director+244 227 286 109
Ines Barbosa Cunha Title = Ines Barbosa Cunha width=55px
Inês Barbosa CunhaTax Director+351 213 599 716
Susana Claro Title = Susana Claro width=55px
Susana ClaroIndirect Tax (VAT, Customs, and Excise) Partner+351 213 599 610
Hugo Salgueirinho Maia Title = Hugo Salgueirinho Maia width=55px
Hugo Salgueirinho MaiaIndirect Tax (VAT, Customs, and Excise) Director+351 225 433 277
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