Tax
Imposto Industrial at 25 per cent with VAT since 2019 and a petroleum regime
The Imposto Industrial (corporate income tax) is charged at 25 per cent, with banking and insurance at 35 per cent. IVA (VAT) was introduced in 2019 at 14 per cent, replacing the consumption tax. Petroleum operations are taxed under a separate regime with substantially higher rates.
Key rules
- Jurisdiction — The Administração Geral Tributária assesses; objections and then appeals to the tax courts.
- Deadline — Imposto Industrial return: by 31 May following the calendar year
- Deadline — IVA return: monthly
Governing law
- Código do Imposto IndustrialLei 19/14, as amended
- Código do Imposto sobre o Valor AcrescentadoLei 7/19
- Lei sobre a Tributação das Actividades PetrolíferasLei 13/04
In practice
The 2019 introduction of IVA was the most significant Angolan fiscal reform in decades, part of a deliberate move to broaden the base away from oil; the separate petroleum tax regime, however, still supplies the majority of government revenue.