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.
PT 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.
Inheritance and gift taxes
Under the Inheritance and Donations Tax Code, the transmission of goods should be taxable at the following rates:
- 10% or 15% when the transmission occurs between spouses or in favour of descendants and ascendants.
- 10% to 30% when the transmission occurs between other persons.