On 18 January 2018, the Parliament approved the State Budget for 2018.
As part of the budget proposal, introducing a mechanism for the settlement of, by means of withholding, on purchases of goods from small businesses by companies that have prepared accounting records and are subject to industry tax. The proposals also include the changes to the current exemption from capital gains tax (ie “exemption”) for profit distribution to Angolan companies subject to industrial tax.
The imposition of the municipal property tax on all situations of use of property due to the transfer of a contractual position, mere fulfillment and possession, even without proper title, is added to the budget proposals.
