The rules regarding the payment of social security contributions have been temporarily altered by Presidential Decree no. 98/20, of 9 April 2020: Authorization for deferral of payment of payroll tax contributions (8%) due from companies for the 2nd quarter of 2020, allowing payment in six-monthly instalments during the months of July to December 2020, without interest.

 

Employers in the private sector required to directly return to their workers the portion of such payroll tax contributions (3%) made by those workers during the months of April, May and June 2020.

 

 

The cost of importing of those types of goods, those produced in Angola, as well as services and funds made available for the same purpose, will be considered as tax deductible costs for the purposes of Corporate Income Tax, as long as they are properly documented.

 

 

Extension of the deadline for complying with tax compliance obligations and the payment of taxes: following Presidential Decree no. 98/20, of 9 April, the deadlines for the final settlement of the Corporate Income Tax were extended:

 

i Until 30 June 2020 for companies included in Group A of taxation.

 

ii Until 29 May 2020 for companies included in Group B of taxation.

 

iii In order for Angolan banks to be ready to provide credit lines to businesses and industries, the Angolan Government also set up certain measures to improve and reinforce access to credit.

 

The 2021 budget consolidated the non-oil revenue gains and expenditure restraint of the 2020 budget, while protecting priority health and social spending. On May 17, 2021, additional US$ 33 million were approved for purchase of 4 million vaccine doses through the African Union.

 

 

(i) Exemption from payment of VAT and customs duties on goods imported for the purpose of humanitarian aid.

 

(ii)Allocation of a 12-month tax credit on VAT to taxpayers who pay this tax on the import of capital goods and raw materials that are used to produce the goods in the basic basket defined in Presidential Decree no. 23/19, of 14 January, such as sugar, flour and oil.

 

 

Property tax can be paid in four instalments.

 

On 28 July 2020, the National Assembly adopted a conservative supplementary budget, aiming at securing space for additional health expenditure, while balancing the need to keep debt on a sustainable path. The 2021 budget consolidates the nonoil revenue gains and expenditure restraint of the 2020 budget, while protecting priority health and social spending.

 

(Updated: August 2020)