Angola - 2025 General State Budget Law

Personal Income Tax (PIT)

• The PIT exemption for employment income up to Kz100,000.00 (one hundred thousand kwanzas) is maintained.

• The IT taxation at a rate of 6.5% on the volume of sales of goods and services not subject to withholding tax for Group C taxpayers, whose turnover in the 2024 tax year is equal to or less than Kz10,000,000 (ten million kwanzas), is maintained.

• Group C taxpayers engaged in agricultural, forestry, livestock, and fishing activities, with a turnover exceeding Kz10,000,000 (ten million kwanzas), are taxed at a rate of 10%.

Corporate Income Tax (CIT)

• The rules stipulated in the 2024 SB regarding the tax implications applicable to the revaluation of tangible, intangible assets and investments in real estate at fair value are maintained.

• The possibility of tax deductibility of costs incurred by taxpayers in the agricultural and livestock sector in investments in infrastructure necessary for the production and distribution of products, for a period of five years, subject to prior approval by the General Tax Administration, is also maintained.

Amendment to the Tax Enforcement Code

• The concept of an unsettled tax situation for taxpayers who are in breach of any obligation stipulated in the Tax Laws remains.

• The existing practice of prohibiting taxpayers in irregular situation from clearing their goods through customs is incorporated into the legal diploma.

Stamp Tax exemption in the Interbank Money Market and on capital increase

• Operations in the Interbank Money Market are exempt the Stamp Tax  stipulated  in Item 16 of the Table Annexed to the Stamp Tax Code, which refers to various financing operations.

• The capital increase carried out by legally constituted commercial companies is exempt from the Stamp Tax  stipulated  in Item 7.3 of the said table.

Exceptional Registration Regularization Regime

• Individual taxpayers registered for more than 5 years who have not been active for an equal period can regularize their registration without paying fines for not submitting declarations.

• Taxpayers who voluntarily register their properties with the Tax Administration during the 2025 tax year may be exempt from paying Property Tax and/or the fines and interest due for the tax years 2019 to 2023, subject to meeting certain legal requirements.

VAT

• The VAT rate on the import or transfer of industrial equipment by the manufacturer is reduced to 5%, upon request by the taxpayer and approval by the tax authority (“AGT”).

• In the event of a change in turnover or import transactions exceeding the thresholds of the exclusion and simplified regime, taxable persons are now required to change the VAT regime by the end of the month following the month of the import or the transaction that gave rise to the change in turnover.

Benefits for Authorized Economic Operators and National and International Organizations or Entities

The provisions of the 2024 SB on benefits for Authorized Economic Operators are republished, namely:

Importers and exporters:

• Possibility of paying customs duties in installments; 

• 60-day deadline for submitting the Declaration of Exclusivity Commitment for goods imported into the Production Sector;

• Exemption from presenting a guarantee in the customs clearance process and the possibility of customs clearance of goods with deferred payment of duties and other due customs charges.

Official Dispatchers and Freight Forwarders:

• Reduction in the number of physical and documentary inspections; 

• Priority treatment if selected for physical and documentary inspections; and

• Exemption from the presentation of a guarantee in transit processes.

Benefits are introduced for the implementation of projects of public interest by International and National Organizations or Entities, namely:

• Exemption from customs duties, property tax, VAT and stamp duty for projects created by the holder of executive power, subject to prior approval by the Ministry of Finance. 

• For the exemption from VAT, the status of captivating agent applies to the above-mentioned projects.

Changes to the Customs Tariff

The Law also presents a set of changes to import duties on some food products and raw materials, such as:

• Reduction of import duties on cotton fabrics from 30% to 20%; and,

• Implementation of import duties on rice weighing less than 10kg at the rate of 30%.