Tax authorities
Ministry of Finance
Postal address:
Edifício do MinFin
Largo da Mutamba
Luanda, República de Angola
Tel: (+244 222) 338548, 338540, 396843
Fax: (+244 222) 332069, 338548, 333016
Website: www.minfin.gv.ao
Tax rates at a glance
(As of September 2011)
| Corporate Income (%) |
35 |
| Capital Gains |
35 |
| Branch Tax |
35 |
Withholding tax |
|
| Dividends |
10 |
| Interest |
15 |
| Royalties |
10 |
| Payments for Services |
3.5/5.25 |
| Branch Remittance Tax |
0 |
Net operating losses (years) |
|
| Carryback |
0 |
| Carryforward |
3 years |
- Corporate income from certain activities, such as agriculture, forestry and cattle raising, is subject to tax at a rate of 20%. Oil and gas companies are subject to Oil Income Tax rather than Industrial Tax (corporate income tax).
- The Ministry of Finance may provide a 17.5% rate of corporate income tax and branch tax for certain companies. In addition, tax exemptions are available under the new Tax Incentives Law.
- Certain dividends are exempt from withholding tax
- A 2.5% withholding tax rate applies to income derived from companies in fundamental areas of the economy.
- A 35% withholding tax rate for payments for services applies to 10% of payments for construction of immovable fixed assets and related activities and to 15% of payments under contracts for other services.
- Mining companies may carry forward losses for five years.
Source: Ernst & Young
Angola
Jaime Carvalho Esteves and Inês Cunha
PwC
Angola
Jaime Carvalho Esteves and Inês Cunha of PwC argue that, thanks to recent tax reforms, Angola is an attractive location for investment and not just in the oil and mining sectors.
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