Angola – VAT – Amendments to the VAT Code

In brief

Law 14/23, of 28 December - Law amending the Value Added Tax Code (“VAT”) was published on 28 December 2023 and came into force on the same day.

Among the main amendments, we highlight the following:

• New rules for e-commerce;
• Elimination of exemptions;
• Incorporation of the following reduced fees into the diploma:
  • Simplified regime (7%);
  • Provision of hotel and restaurant services (7%);
  • Imports and transmissions of widely consumed food goods and agricultural inputs (5%);
  • Transmission of goods subject to the special tax regime applicable to the Province of Cabinda(1%).

• Exceptions to the captivation rules;
• Possibility of deducting VAT up to 12 (twelve) months after the issuance of the invoice or receipt for payment of import tax.
• Increase in the minimum refund request amount to AOA 700,000.00.
• Failure or late submission of the VAT return will be subject to a fine of AOA 600,000.00 per  infraction.
• Banks are now obliged to report, via electronic data transmission, a quarterly file containing a summary of transactions processed at automatic payment terminals.

On the same date, the full republication of the VAT Code was approved, including the changes, amendments and revocations as per the above mentioned law.

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