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Angola - Other Taxes and Levies

Angola - Other Taxes and Levies

Taxation of international executives

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Social Security Tax

Are there social security/social insurance taxes in Angola? If so, what are the rates for employers and employees?

Employer and Employee

  Paid by  
Type of Insurance Employer Percent Employee Percent Total Percent
Social Security 8 3 11
Total Percent 8 3 11

 

The following aspects of social security are worth noting:

  • Social security is only mandatory for Angolan nationals and for individuals with a residency permit.
  • Subject to this condition, the employee and the employer must contribute 3 percent and 8 percent, of the employee’s gross salary, respectively.
  • The employer is required to withhold the employee’s contribution and pay both contributions by the tenth day of the month following the month in which the personal income was paid.

Gift, Wealth, Estate, and/or Inheritance Tax

Are there any gift, wealth, estate, and/or inheritance taxes in Angola?

An old donations and inheritance tax system exists.

Real Estate Tax

Are there real estate taxes in Angola?

There is a property transfer tax (SISA) applied on the sale, exchange, and disposal of immovable tangible property.

Sales/VAT Tax

Are there sales and/or value-added taxes in Angola?

There is no value-added tax in Angola. However, there is a consumption tax.

Unemployment Tax

Are there unemployment taxes in Angola?

Not applicable.

Other Taxes

Are there additional taxes in Angola that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Capital gains

Capital gains earned by an individual are taxed under Capital Taxation Law (capital gains deriving from the sale of shares).

Dividends, Interest, and Rental Income

Dividends paid to an individual are taxed under Capital Taxation Law at an effective rate of 10 percent. The company distributing the dividends must withhold tax on payment. Interest payments to resident individuals are not subject to earned income tax, but to withholding of investment income tax at the rates indicated below:

  • 10 percent on interest from corporate bonds, central bank bonds, state bonds (a 5 percent tax rate applies to long-term – 3 years or more – central bank bonds and state bonds) and interest from current accounts and term accounts, which is withheld at source by the payer;
  • 15 percent on participators’ advance loans to their company and gambling earnings, which is withheld at source by the payer; and
  • 15 percent on any other type of taxable interest, assessed by the competent local tax office.

Owners of properties are subject to property tax on the rents received at 25 percent.

Payroll Tax

Employees are subject to a monthly payroll tax which is a final tax.

Foreign Financial Assets

Is there a requirement to declare/report offshore assets (e.g., foreign financial accounts, securities) to the country/territory’s fiscal or banking authorities?

No.

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KPMG in Angola

Luanda
Jorge Tainha
KPMG Angola – Audit, Tax Advisory, SA
Rua Assalto ao Quartel de Moncada, 15 – 2º
Luanda – Angola

Tel. +244 227 280 101
e-Mail: jtainha@kpmg.com

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. 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.

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