Angola

Social security contributions

Individuals are liable to Social security contributions on their gross income at rates of 3% (8%, in case of retired employees) and 8% due by the employee and the employer, respectively.

Taxable income includes all cash or in-kind benefits, with the exception of the following:

• Social benefits paid by employers.
• Holiday allowances.
• Values of subscription/participation in complementary social protection schemes.

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

Foreign citizens working in Angola (without a residence permit) may be excluded from social security in Angola, provided that they prove that they are covered by their home country's social security system.

Property tax

Property tax is levied on the real estate or on the income arising from the urban and rural property and land for construction, as well as on the transfer of real estate (free or onerous). See Other taxes in the Corporate tax summary for more information.

Net wealth/worth taxes

There are no net wealth/worth taxes in Angola.

Tax on inheritance and donations of movable property

Free transfers of movable property are subject to tax on inheritance and donations as follows: