On 24 April 2019, Law No. 9/19 was published, which approves several amendments to the Personal Income Tax (PIT) Code and repeals Executive Decree No. 15/09, of 3 March, related to the Table of Minimum Profit.
The main amendments are summarised as follows:
- Exemption of PIT for meal and transport allowances, up to the limit of 30,000 Angolan kwanza (AOA) per month. The limit is established for each allowance instead of the previous aggregated limit.
- The income earned by the governing bodies positions now falls under the taxation group A for PIT purposes.
- Changes to the list of liberal professions.
- Exemption of stamp tax and real estate transfer tax (SISA) on transfers of immovable property by individuals to affiliated companies’, subject to specific conditions.
The current amendments entered into force on 24 April 2019.