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Presentation of Angola : Taxation

Value Added Tax (VAT)
Until the end of 2020, a transitional regime has been in force, during which:
•    only companies registered in the Large Taxpayers’ Tax Office are subject to the general VAT regime
•    companies not included in the list of large taxpayers but with a turnover or imports of goods higher than an amount of approx. USD 250,000 will be subject to a simplified taxation regime, and
•    the remaining companies will not be considered taxpayers for VAT purposes (non-taxation regime).

However, from 2021, the transitory VAT regime was eliminated and entities moved mandatorily to the general VAT regime. A simplified VAT regime may also apply.

Company Tax :
Standard Corporate Tax: Taxpayers paying corporate tax are divided into 2 groups. The standard rate is 25%
Business activities in banking and insurance industries, telecommunication operators and national oil companies: 35%
Withholding Taxes :
10% for dividends (5% for dividends on shares when traded in a regulated market); 15% for interest (10% for bond interest and interest from shareholder loans, 5% for interest on financial instruments issued by a company that trade in a regulated market); and 10% for royalties. Payment of services is usually subject to a withholding tax of 6.5%. Educational, medical and transport services are exempt.
Social Security Contributions Paid By Employers :
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Angola Sub-Saharan Africa United States Germany
Number of Payments of Taxes per Year 31.0 36.6 10.6 9.0
Time Taken For Administrative Formalities (Hours) 287.0 284.8 175.0 218.0
Total Share of Taxes (% of Profit) 49.1 47.3 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: July 2022