Angola – New Excise Duty Code

In brief

It was published, Law No. 16/21, of July 19 – Excise Duty Law, which revokes Laws No. 8/19, of 24 of April and No. 18/19, of 13 August.

In detail

It was published, Law No. 16/21, of July 19 – Excise Duty Law, which revokes Laws No. 8/19, of 24 of April and No. 18/19, of 13 August. 

Among the main amendments, we highlight the following:

I. It is also considered as a taxable event, the use of goods or raw materials outside the production process and which benefited from tax exemption. 

II. The following goods are exempt from Excise Duty: 

• Goods intended for education; 
• Goods intended for consumption as provisions for any means of collective transport of passengers with international traffic;
• Products sold on board of collective transport of passengers for international traffic; and,
• Electric vehicles. 

III. The taxpayer authorized to acquire or import raw material exempt from Excise Duty must keep a record of stocks of raw materials, products in progress, and finished products, in order to demonstrate the application of those products in their own production.

IV. The taxable amount subject to Excise Duty is:

A. For goods produced in the country, the transactional value;

B. For petroleum products, the tax is levied on the cost of production.

V. The Excise Duty is due and becomes payable:

A. In production, at the time of the transaction;

B. For petroleum products, the tax is chargeable at the time the goods are made available to purchasers. 

VI. The settlement is carried out at the time of the transaction by the producer. 

VII. The tax stamp is mandatory, according to the model approved by a specific Diploma, to manufactured beverages, tobacco and its substitutes, referred to in Annex I of this Law. 

VIII. The establishments that produce beverages, tobacco, and its manufactured substitutes and petroleum products, referred to in Annexes I and II of this Law, must be equipped with a counting and measuring system for electronic transmission of data to the General Tax Administration (“AGT”) in an automatic manner of information related to production.

IX. The counting and measurement systems referred to above must be certified by AGT, under the terms to be regulated. 

X. The lack or delay in the electronic submission required implies the payment of a fine of Kz: 300,000. 

XI. There was a reduction in what regards to the sugary and alcoholic beverages, which rates vary from 3% to 15% and an increase related to the vehicles rates, varying from 5% to 20%.

This Law enters into force on August 18, 2021.

The obligations provided for in points VII to IX above will enter into force 6 months after the entry into force of this Law.

^{© 2021 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.}