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AO Tax 2024

iCalculator™ AO: Angola Tax Calculators

Welcome to iCalculator™ AO, your comprehensive suite of free tax calculators for Angola. iCalculator™ has provided free tax calculators for Angola since 2019. Since those early days we have extended our resources for Angola to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Angola Tax Calculator and salary calculators within our Angola tax section are based on the latest tax rates published by the Tax Administration in Angola. In this dedicated Tax Portal for Angola you can access:

Angola Tax Calculator 2024/25

The Angola Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Angola. This includes calculations for

  1. Employees in Angola to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Angola.
Angola Tax Calculator 2024
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Advanced Angola Salary Calculator
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Discover Angola

Angola, officially known as the Republic of Angola, is a country situated in southwestern Africa. It is characterized by a diverse range of landscapes, from the semidesert Atlantic littoral bordering Namibia’s “Skeleton Coast” to the sparsely populated rainforest interior, rugged southern highlands, and the densely settled northern coast. Luanda, the capital, is a major port city known for its blend of Portuguese-style colonial landmarks, traditional African housing, and modern industrial complexes. Angola's neighboring countries include Namibia to the south, the Republic of the Congo to the north and northeast, Zambia to the east, and an Atlantic Ocean coastline to the west. The exclave province of Cabinda has borders with the Republic of the Congo and the Democratic Republic of Congo.

Angola's economy is predominantly driven by its oil sector, which contributes about 50% of its GDP, over 70% of government revenue, and more than 90% of the country's exports, making it one of the top oil-producing countries in sub-Saharan Africa. Other significant natural resources include gas, diamonds (accounting for 5% of exports), and rich agricultural land. Despite these abundant resources, the country faces challenges such as a dependence on subsistence agriculture, with half of its food still being imported. Angola has a lower middle-income economy with a Gross Domestic Product of around US$74 billion and a per capita income of approximately US$ 3,300 as of 2022. The nation has experienced periods of economic expansion and contraction, influenced by global oil prices and internal factors such as the aftermath of a prolonged civil war and ongoing infrastructure rebuilding efforts.

Culturally, Angola reflects a blend of indigenous traditions and Portuguese colonial influence, evident in its language, religion, and customs. Portuguese is the official language, and the nation has a rich tradition in arts, especially music and dance. The Angolan civil war, which lasted from 1975 to 2002, has had a lasting impact on the country, affecting its demographic, social, and economic structures. The war led to significant displacement and damage to infrastructure, with ongoing efforts to rebuild and recover. Angola's young population, with a median age of around 16 years, faces challenges such as high unemployment rates and limited access to education and healthcare.

In conclusion, Angola is a country with a complex history and a rich cultural tapestry. Its strategic location in southern Africa and abundant natural resources, particularly in the oil sector, play a crucial role in its economy. However, challenges remain in diversifying the economy, improving infrastructure, and addressing social issues exacerbated by its historical conflicts.

Overview of Taxation in Angola

Angola's tax regime encompasses various tax types, each with its compliance requirements. This overview focuses on the key taxes and their general compliance aspects without delving into specific rates as these are reviewed annually and are subject to change for each tax year.

Corporate Income Tax (CIT)

CIT applies to companies operating in Angola. The tax year is aligned with the calendar year. Companies are required to submit their annual CIT returns following the year to which the income relates, with different deadlines for those under the general and simplified regimes. Advance CIT payments may be applicable for certain companies.

Personal Income Tax (PIT)

PIT is levied on individual incomes. In Angola, employment income tax is typically withheld at the source by employers. Self-employed individuals must file annual tax returns and pay the final employment income tax accordingly.

Value-Added Tax (VAT)

VAT was introduced in Angola to tax goods and services. Registration for VAT is mandatory for entities carrying out taxable economic activities. There are specific rules for input tax deductions and VAT compliance for both resident and non-resident entities.

Withholding Tax (WHT)

WHT applies to various forms of income, including dividends, interest, and royalties. The tax is generally withheld at the source by the paying entity in Angola.

Capital Gains Tax (CGT)

CGT is applicable to capital gains, particularly from the sale of shares in an Angolan company by nonresident shareholders.

Transfer Pricing

Transfer pricing rules in Angola mandate adjustments to taxable profit if transactions between related entities deviate from the arm's-length principle. Specific documentation requirements apply to major taxpayers.

Stamp Tax

Stamp Tax is applied to transactions exempt under the standard VAT regime, with different rates for various transactions.

Tax Audits and Appeals

Tax authorities conduct audits, and taxpayers have rights to challenge and appeal decisions. The statute of limitations varies based on the nature of the tax issue.

Double Tax Treaties

Angola has double tax treaties with certain countries, providing for reduced rates on various types of income.

Main Tax Incentives

Angola offers tax incentives and benefits in specific sectors as outlined in the Private Investment Law.

This overview provides a broad understanding of Angola's tax system, highlighting the diversity of taxes and the general compliance framework.