Angola

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Tax authorities

Ministry of Finance of Angola
Building of MinFin, Largo da Mutamba
Luanda-Angola
Tel: +244 222 338548
Email: cdi@minfin.gv.ao
Website: www.minfin.gov.au

Tax rates at a glance

(As of June 15 2012)

Corporate income	35% (a)(b)
Capital gains	35%
Branch tax	35% (c)

Withholding tax
Dividends	10%
Interest	10%
Royalties	10%
Payments for services	3.5%/5.25% (d)
Branch remittance tax	0

Net operating losses
Carryback	0
Carryforward	3 years (e)

Special regimes, rules, and tax rates are provided for the oil and gas industry and the mining industry.
Exemptions for corporate income tax are provided for: agricultural companies (for up to ten years), cooperatives, culture associations, and non-resident shipping operators (as long as reciprocity exists).
Income remitted by a branch to the head office is not subject to IAC.
Construction, improvement, repair, or conservation of immovable property withheld at a rate of 3.5% on the gross payments (CIT rate of 35% applicable on a 10% deemed margin). Other services, namely technical assistance and management fees, withheld at a rate of 5.25% on the gross payments (CIT rate of 35% applicable on a 15% deemed margin)
Mining companies may carry forward losses for five years.

Source: PwC