Angola: Parliament approves draft law on tax and foreign exchange compliance
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
See MoreAngola: Parliament approves 2018 State Budget
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
See MoreAngola: Tax authority establishes transfer pricing unit
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
See MoreAngola: Tax Administration extends deadline for payment of first installment of urban property tax
The deadline for payment of Real Estate Property Tax (IPU) has been extended from January 2017 to February 28 2017. The Angolan Tax Administration issued, on 31 January 2017, a press statement announcing the extension of the deadline for the payment
See MoreAngola: Tax provisions released in Budget Law 2017
The budget law 2017 was officially made available to the public on 10th February 2017. The budget law was approved by the National Assembly on 17 November 2017 and was enacted on 31 December 2016. According to Budget Law 2017, the 10% withholding
See MoreAngola: National assembly approved the budget bill 2017
The National Assembly approved the Budget Bill 2017 on 17 November, 2016. Angola’s parliament is scheduled on 14 December for a final vote on the draft State Budget Law for 2017 and it will be effective as from 1 January
See MoreAngola introduced transfer pricing rules
Angola introduced a transfer pricing rule with a Presidential Decree n. 14713 on June 2014. According to the decree, the taxpayers require to submit transfer pricing documentation by the end of June 2014 to the tax management for the 2013 tax year.
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