Taxation of international executives
Are there social security/social insurance taxes in Angola? If so, what are the rates for employers and employees?
Employer and Employee
|Type of Insurance||Employer Percent||Employee Percent||Total Percent|
The following aspects of social security are worth noting:
Are there any gift, wealth, estate, and/or inheritance taxes in Angola?
An old donations and inheritance tax system exists.
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.
Are there sales and/or value-added taxes in Angola?
There is no value-added tax in Angola. However, there is a consumption tax.
Are there unemployment taxes in Angola?
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 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:
Owners of properties are subject to property tax on the rents received at 25 percent.
Employees are subject to a monthly payroll tax which is a final tax.
Is there a requirement to declare/report offshore assets (e.g., foreign financial accounts, securities) to the country’s fiscal or banking authorities?