Angola, EU sustainable investment agreement takes effect

06 September, 2024

The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) entered into force on 1 September 2024. On 18 November 2022, the EU and Angola concluded negotiations on the SIFA. The agreement was signed on 17 November 2023 in Luanda,

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Angola extends tax compliance deadline for July

07 August, 2024

Angola’s General Tax Administration (AGT) announced that it has extended the deadline for tax compliance obligations that expire on 31 July of this year to 18 August 2024, due to various computer system constraints. This includes obligations on

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Angola extends transfer pricing submission deadline

02 July, 2024

The Angolan General Tax Administration, on 27 June 2024, announced that it is extending the deadline for the submission of the transfer pricing information. The deadline has been extended from 30 June, 2024, to 31 July, 2024. The announcement

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Switzerland approves pending tax treaty with Angola

15 June, 2024

On 14 June, 2024, the Swiss Federal Council announced the dispatch of the approval of a double taxation agreement (DTA) with Angola. The agreement will create legal certainty for the further development of bilateral economic relations and tax

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Angola introduces tax relief program for voluntary settlement of outstanding tax debts

25 September, 2023

On 12 September 2023, the General Tax Administration of Angola (Administração Geral Tributária) announced a tax relief program for voluntary settlement of outstanding tax debts. Accordingly, taxpayers can benefit from partial relief from fines

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Angola becomes a member of the global forum for transparency and exchange of information

13 March, 2023

On 8 March 2023, the Organization for Economic Co-operation and Development (OECD) announced that Angola has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum). Like all other members, Angola will

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Angola reduces WHT rate on services for nonresident legal entities

03 September, 2022

On 22 August 2022, Angola published Law no. 27/22 in the Official Gazette amending the Corporate Income Tax Code. Accordingly, the withholding tax (WHT) rate on services paid to non-residents has been reduced to 6.5% from 15%. The rate is effective

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Angola revises number of large taxpayers required to prepare TP documentation

28 March, 2022

On 15 March 2022, the Ministry of Finance of Angola has issued Order No. 1083/22 through which the list of the large taxpayers has been revised subject to the preparation of transfer pricing (TP) documentation. The listed large taxpayers must

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IMF staff report on Angola

21 September, 2020

On 21 September 2020 the IMF published a staff report on Angola in connection with the third review under an extended arrangement under the IMF’s extended fund facility. Angola’s economy has been hit in 2020 by the economic and health crisis

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Angola amends the General Tax Code

07 August, 2020

On 9 July 2020, Angola has published Law no. 21/20 in the Official Gazette amending to the General Tax Code. Among the changes introduced, the following stand out: introduced a general anti-abuse rule (GAAR) allowing the tax authorities to

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Angola: Tax measures due to COVID-19 pandemic

18 April, 2020

On 13 April 2020, the Ministry of Finance of Angola has issued a press release regarding tax measures in the scope of the response and relief of the economic impact caused by the COVID-19 pandemic. The main measures are as following: Extension

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DTA signs between Angola and Cape Verde

15 August, 2019

On 8 August 2019, the Double Taxation Agreement (DTA) between Angola and Cape Verde signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in

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Angola signs DTA with Maldives

12 August, 2019

On 8 August 2019, the Double Taxation Agreement (DTA) between Angola and Cape Verde signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in

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Angola introduces amnesty measures with foreign technical and management services contracts

02 February, 2019

On 28 December 2018, Angola published Law no. 18/19 with the General State Budget for 2019. The main procedures are summarized as follows: The Special Contribution on technical support and management service contracts were maintained in 2019. The

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Angola: President approves new tax regime for natural gas

15 June, 2018

On 18 May 2018, the President approved the Decree No. 7/18 which outlined new legislation for the development of marginal fields, the creation of a regulatory body for fuel products and natural gas rights. For marginal fields, which the law defines

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Angola: Parliament approves draft law on tax and foreign exchange compliance

25 January, 2018

Recently, Parliament approved a bill on the extraordinary tax and foreign exchange regime that regulates the repatriation of assets held abroad that were not declared in Angola in December 2017. All Angolan nationals residing in the country and

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Angola: Parliament approves 2018 State Budget

23 January, 2018

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

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Angola: Tax authority establishes transfer pricing unit

05 October, 2017

On September 25, 2017, the Ministry of Finance issued the order no. 678/17 establishing the Transfer Pricing Unit (TPU) to ensure and control compliance with the requirement to submit transfer pricing documents. In addition to ensuring and

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