Tax in Angola

Who is the tax authority and where do filings live?

Angola's Administracao Geral Tributaria (AGT) under the Ministry of Finance administers Angola's tax system [SC1]. Substantive law: Codigo Geral Tributario, Codigo do Imposto Industrial, Codigo do IRT, IVA Code (Lei 7/19 effective 1 October 2019), and successive amendments. Angola is a member of SADC and AfCFTA.

What is the tax year and when are returns due?

Individual tax year is the calendar year. IRT withheld monthly. Corporate annual returns (Modelo 1) due by end of May for prior fiscal year [SC1]. IVA monthly returns. Provisional payments quarterly.

Who is an Angolan tax resident?

Under Codigo do IRT, an individual is tax resident if (a) habitual residence in Angola, (b) physically present 90+ days in tax year, OR (c) Angolan-paid employment income [SC2]. Residents taxed on Angolan-source income predominantly (territorial framework with limited extraterritorial reach).

What are the personal income tax rates?

Nine brackets under post-2020 Codigo do IRT reform: 0 percent to AOA 100,000 monthly; progressive rates 13/16/18/19/20/21/22/23/25 percent ascending [SC1]. Top 25 percent above AOA 10,000,000 monthly. Self-employment income subject to separate Group B framework.

How does Angola's corporate tax work?

Imposto Industrial 25 percent flat for resident companies [SC2]. Banking sector and insurance 35 percent. Petroleum sector under separate Petroleum Activities Tax Law: 50 percent IRP plus PSC framework. Mining 25-35 percent. Withholding on dividends to non-residents 10 percent (5 percent listed shares). Pillar Two not yet transposed. Tax losses 5 years.

What about VAT?

IVA at 14 percent under Lei 7/19 (effective 1 October 2019) replacing the prior Imposto de Consumo [SC3]. Reduced 5 percent on basic-foodstuffs basket. Reduced 7 percent on certain hospitality. Zero-rated on exports. Mandatory e-invoicing under Decreto Presidencial 232/22.

How are cryptoassets taxed?

Banco Nacional de Angola advisory: cryptocurrency operations restricted under foreign-exchange framework [SC2]. Where cryptoassets generate declarable income, gains assessed under existing income-tax categories.

What is the treaty network and what are the audit triggers?

Angola has approximately 8 active double tax treaties [SC4]. MLI not yet ratified. SADC framework. Standard SOL 5 years; extended for fraud or for petroleum-sector matters under Petroleum Activities Tax Law.

What are the common penalties and pitfalls for foreigners?

Penalty framework under Codigo Geral Tributario: late filings, failure to file, incorrect declarations, transfer-pricing adjustments [SC5]. Common pitfalls: (1) petroleum-sector separate tax framework under Petroleum Activities Tax Law with PSC and 50 percent IRP regime; (2) IVA replacement of Imposto de Consumo from 1 October 2019 created transition complexity; (3) banking and insurance 35 percent CIT vs general 25 percent; (4) Group A vs Group B IRT distinction (employment vs self-employment); (5) Pillar Two not yet transposed; (6) limited treaty network (8 DTCs); (7) MLI not yet ratified; (8) SADC framework; (9) AGT administration progressively modernising post-2014 oil-price-shock fiscal-consolidation drive; (10) AOA-denominated tax base with kwanza volatility affecting cross-border flows; (11) post-2018 economic-recovery framework; (12) AfCFTA member implementation pending.