Angola

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Published on: 2023-04-19 10:46:30

Last modified: 2023-04-25 13:35:43

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Reference(s) Angola Ministry of Finance

Tax tables last updated: 2023-04-19 09:12:01 [Update Rates]

Currency Angolan Kwanza [ AOA ] [ Kz ]

Introduction

Below are specific calculators for the calculation of Personal Income Tax (PIT) and Corporation Income Tax (CIT) in Angola. These tax calculators are for resident and non-resident tax filing status in Angola. The Angola tax calculators are updated with the rates and thresholds up to and including the 2023 tax year, specific tax rates and thresholds can be reviewed in the Angola tax tables.

Tax in Angola: An Overview

Angola is a country located in Southern Africa, bordered by Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east, and the Atlantic Ocean to the west. Angola is known for its natural resources, including oil, diamonds, and minerals, and has a growing economy. If you're doing business in Angola or planning to move to the country, it's important to understand the tax system. This guide will provide an overview of taxes in Angola and how to use tax calculators to estimate your tax liability.

Income Tax in Angola

Individuals and businesses operating in Angola are subject to income tax on their earnings. The income tax rates in Angola vary depending on the level of income earned.

Who is Subject to Income Tax in Angola?

All individuals and businesses operating in Angola are subject to income tax. This includes Angolan nationals as well as foreign nationals working in Angola. Income tax is based on the taxpayer's net income, which is calculated by deducting allowable expenses from the gross income earned during the tax year.

Tax Calculators for Angola

If you're doing business in Angola or planning to move to the country, it's important to understand your potential tax liability. Our tax calculators can help you estimate your income tax, corporate tax, VAT, and other taxes in Angola. Our calculators are easy to use and provide accurate estimates based on the latest tax laws and rates in Angola.

Corporate Tax in Angola

Businesses operating in Angola are subject to corporate tax on their profits. The corporate tax rate in Angola is relatively high compared to other countries in the region.

VAT in Angola

Angola has a VAT system in place, with a standard rate of VAT (see the tax tables for the latest tax rates). The VAT is levied on the value added to goods and services at each stage of production and distribution. Certain goods and services are exempt from VAT, including basic food items and essential medical supplies.

Tax Incentives in Angola

Angola offers a number of tax incentives to encourage investment in the country. These incentives include reduced tax rates, tax holidays, and exemptions from certain taxes. In addition, there are a number of special economic zones in Angola that offer even greater tax incentives to businesses operating within their boundaries.

Conclusion

In conclusion, Angola has a tax system in place that is designed to support economic growth and development in the country. While income tax rates are relatively high, there are tax incentives available to businesses operating in Angola. Use our tax calculators to estimate your tax liability in Angola and make informed decisions about your business operations in the country.