Accounting and legal

Accounting and tax

    Guides to corporate taxation in Angola
  1. Corporate tax in Angola is levied at a rate of 35% on company’s net profits. This rate is however reduced to i) 20% for agricultural, forestry and livestock activities and ii) 30% for real estate activities. Annual returns must be filed before 31st May every year, failure to which a penalty equal to double the tax payable is imposed;
  2. The standard VAT rate levied on all goods and services in Angola is 10%. Filing of VAT is done monthly and payment is due by the last business day of the following month;
  3. Capital gains in Angola are taxed as business income and therefore subject to corporate tax;
  4. A company’s losses are allowed a rollover relief of three years. However, carry back of losses is prohibited;
  5. Non-resident companies in Angola are subject to i) 10% withholding tax on dividends, ii) 15% withholding tax on interest and iii) 10% withholding tax on royalties. There is no withholding tax on branch remittances;
  6. Employers must remit social security contributions to the authorities on all salaries at the rate of 8%. There is no payroll tax;
  7. Capital duty is paid on initial capital of a company at the rate of 0.5%. Additional stamp dutis are levied at 1% on monthly turnover of a company;
  8. The rate of tax payable on transfer of land or buildings is 10%, paid by the purchaser;
  9. Angola has not yet signed any tax treaty to eliminate double international taxation;
  10. Healy Consultants Compliance Department will assist our Clients with i) documenting and implementing accounting procedures ii) implementing financial accounting software iii) preparation of financial accounting records and iv) preparing forecasts, budget and sensitivity analysis;
  11. It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.

Contact us

For additional information on our accounting and tax services in Angola, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal