Angola’s new Corporate Income Tax Code, effective 1 January 2026, includes 35% for financial institutions, insurance, and telecoms, 25% for most sectors, and 10% for agriculture.
Angola will introduce a new Corporate Income Tax (IRPC) Code, replacing the previous Corporate Income Tax, Investment Income Tax, and Property Tax on rental income, effective 1 January 2026.
The reform seeks to unify corporate taxation, simplify the tax system, and enhance fairness, transparency, and alignment with international standards.
The key changes include:
Standard CIT
A flat 35% corporate tax rate on profits for financial institutions, insurance companies, telecom operators, and parts of the oil industry.
Financial sector tax rate
Investment income in the financial sector, previously taxed at lower rates of 5%, 10%, or 15% is now subject to a higher rate of 35%.
Tax rates for other sectors:
- 10% for agriculture;
- 35% for insurance and banking;
- 25% for most other taxpayers.
Tax deductions
Companies can deduct provisional tax payments, withholding taxes, international double taxation credits, and other tax benefits.
New tax rate for expenses
A separate tax rate of 30% or 50% applies to unspecified expenses.
