Thinking beyond borders
Individuals are subject to taxation on personal income tax on their Angolan source income obtained, irrespective of their place of residence. Income tax is levied at progressive rates over the individual’s annual taxable income.
Extended business travelers are likely to be taxed on Angolan source income.
For extended business travelers, the types of income that are generally subject to tax are employment income, business and professional income.
Employment/business and professional income are segmented into three taxation groups:
There is no “value added tax” in Angola. However, a consumption tax applies on supplies and imports of goods and services within the Angolan tax territory.
Angola has a transfer pricing regime.
Angola has data privacy laws.
All foreign exchange transactions are subject to comply with the exchange control regulations imposed by the national bank. Under such regulations there are limitations on the amount of money that can be transferred out of Angola.
All information contained in this document is summarized by KPMG Angola - Audit, Tax, Advisory, S.A., an Angolan company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity, based on the Angolan Employment Income Tax Code of 2014, approved by the Law n.º 18/14, of October 22nd; Angolan Social Security Base Law, approved by the Law 07/04 of October 15th; Angolan Social Security regime, approved by the Presidential Decree n.º 227/18 of September 27th.
Individuals are subject to taxation on personal income tax on their Angolan source income obtained, irrespective of their place of residence. Income tax is levied at progressive rates over the individual’s annual taxable income..All rights reserved. The information contained herein is of general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.