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Angola Corporate - Significant developments

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The major recent tax changes were the following:

  • Law no. 18/18, of 28 December 2018, approved the General State Budget (GSB) for 2019. This diploma is effective as of 1 January 2019 and includes the following: 
    • The new GSB maintains in force in 2019 the special contribution on foreign technical assistance and management services contracts
    • The President of the Republic is granted authorisation to introduce several amendments to the current tax laws, namely:
      • Review the Custom Code.
      • Redefine the investment income tax exemption regime applicable to the distribution of dividends to Angolan tax resident companies subject to corporate income tax (CIT).
      • Include employment agreements of non-resident foreign individuals, as well as service agreements of any nature and receipts issued by self-employed individuals, in the taxable basis for stamp duty purposes.
    • The law also foresees the extension to customs duties debts of the rules foreseen in the General Tax Code regarding payment in instalments. These shall apply in case of customs clearance procedure subject to subsequent regularisation, as well as in case of additional assessment on customs duties following a post-importation audit procedure
    • The new GSB approves a Special Regime for the Regularisation of Tax, Customs, and Social Security Debts, applicable to debts where taxable events have occurred until 31 December 2017. The regime shall apply as follows:
      • The voluntary regularisation of debts by the taxpayer results in the forgiveness of interest, penalties, and procedural costs.
      • Taxpayers may adhere to this regime until 30 June 2019 and the payment must be concluded until 31 December 2019; it is possible to request an instalment payment plan.
      • Companies taxed under the oil and mining special tax regimes are excluded from this regime.
      • The regime covers cases where there are pending tax proceedings.
    • On 2 January 2019, the Angolan Tax Authorities (AGT) issued Circular nr. 236/DTF/DSF/AGT/18, which harmonises the procedures under this regime. It foresees the obligation to submit an application/standard form that shall be made available by the AGT upon request of the taxpayer.
  • The new Legal Regime of Invoices and Equivalent Documents was published by means of Presidential Decree no. 292/18, published 3 December 2018, revoking Presidential Decree no. 149/13 of 1 October 2013.

    The new Legal Regime of Invoices and Equivalent Documents will enter into force 120 days after the date of the publication of the Law, and establishes new rules on the issuance of invoices and equivalent documents by the majority of taxpayers with tax residence in Angola. Among the main changes, we highlight the following:

    • The issuance of self-invoices is allowed, but limited to the hotel and restoration business.
    • The existence of a monthly generic invoice for banking institutions.
    • Issuance of invoices in triplicate, being the triplicate used to accompany the transport of goods.
    • Obligation to issue invoices in a programme certified by the tax authorities, applicable to taxpayers with a turnover above 250,000 United States dollars (USD)
  • The Regulation of Private Investment Law, approved by Presidential Decree no. 250/18, of 30 October 2018, was recently published, which confirms the procedures already adopted in practice by the Private Investment and Export Promotion Agency (AIPEX), as well as introduced some additional aspects.
  • Presidential Decree no. 227/18, of 27 September 2018, was published, approving the new Legal Framework on Social Security Contributions and revoking the previous Decree no. 38/08, of June 2008.
  • New Private Investment Law, was enacted by Law no. 10/2018, of 26 July 2018, revoking the former Law no. 14/15, of 11 August 2015. Among the most significant amendments introduced, we highlight:
    • A minimum investment amount is no longer required for access to tax benefits and incentives.
    • The local partnership requirement previously established for certain sectors of activity is eliminated.
    • New implementation geographic development areas were defined.
    • The Law introduces two procedural regimes: prior declaration and special regime. The prior declaration regime allows the prior incorporation of a business vehicle, after which it is submitted the investment proposal for registration purposes and attribution of benefits. Investors may not, however, opt for this regime for investment in priority sectors of activity.
    • The tax benefits potentially attributable vary according to the procedural regime and the project implementation geographic development area.
  • In September 2018, Angola and Portugal signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. Although signed, the Double Tax Treaty (DTT) has not entered into force.
  • The Value-added Tax (VAT) Code in Angola was published by the Presidential Decree nr. 7/2019, of 24 April 2019, with entry into force on 1 July 2019. See the Other taxes section for more information.
  • The Excise Duties Code will enter force on 1 July 2019. See the Other taxes section for more information.

Last Reviewed - 22 January 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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