Angola

Overview

Last reviewed - 07 July 2020

Angola, officially the Republic of Angola, is a country in South-Central Africa bordered by Namibia to the south, Zambia to the east, the Democratic Republic of the Congo to the north, and the Atlantic Ocean to the west. Angola is made up of 18 provinces, with Luanda as its capital. Portuguese is the official language of Angola, and the official currency is the kwanza (AOA).

Angola is run by a multiparty regime, with its President as the chief of state. Its legal system is based on Portuguese civil law and customary law, modified to accommodate political pluralism and increased use of free markets. Angola's high economic growth rate in recent years has been driven by its oil sector. The country is the second-largest petroleum and diamond producer in sub-Saharan Africa. Oil production and its supporting activities contribute about 50% of the gross domestic product (GDP).

PwC Angola is organised around industries, including oil and gas, financial services, industrial manufacturing, energy, utilities, and mining, to share the latest research and points of view on industry trends, develop industry-specific expertise, and share different methodologies and approaches in each area.

PwC Angola offers a range of tax services to assist taxpayers with tax structuring, tax compliance, oil and gas taxation, mergers and acquisitions, indirect taxation, financial services taxation, individual taxation, tax litigation, etc.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

30

Corporate income tax (CIT) due dates
CIT return due date

Last business day of April (Group B) and May (Group A).

CIT final payment due date

Last business day of April (Group B) and May (Group A).

CIT estimated payment due dates

July (Group B) and August (Group A).

Personal income tax (PIT) rates
Headline PIT rate (%)

17 (see Angola's individual tax summary for rates for self-employed workers and individuals carrying out an industrial or commercial activity)

Personal income tax (PIT) due dates
PIT return due date

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

Self-employed individuals should submit their annual tax return until the end of March, which shall discriminate all the income earned during the previous fiscal year.

PIT final payment due date

Self-employed individuals should pay the final employment income tax when submitting the annual tax return.

PIT estimated payment due dates

Monthly PAYE

Value-added tax (VAT) rates
Standard VAT rate (%)

14 (VAT entered into force in Angola from 1 October 2019 onwards)

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Dividends and royalties are taxed at 10%, and the tax is withheld at source by the paying entity in Angola. Interest on loans granted by third parties or shareholders is liable to investment income tax at 15% and 10%, respectively.

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains arising from the disposal of financial instruments: 10%

Individual capital gains tax rate (%)

Generally, the Investment Income Tax for capital gains is 10%.

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

15% when the transmission occurs between spouses or in favour of descendants and ascendants;

30% when the transmission occurs between other persons.

Gift tax rate (%)

15% when the transmission occurs between spouses or in favour of descendants and ascendants;

30% when the transmission occurs between other persons.

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.