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
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:
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?
Not applicable.
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:
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.
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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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.