Angola Introduces Several Changes to Corporate Income Tax, Property Tax, and Individual Income Tax

Angola's tax administration has announced that several changes in tax legislation have been approved and published in the Official Gazette in July 2020. The main changes are summarized as follows:

Corporate Income Tax

Some of the main corporate income tax changes include the following:

• The general corporate tax rate is reduced from 30% to 25%;
• The reduced tax rate for agricultural, aquaculture, apiculture, poultry, livestock, fishing, and forestry activities is reduced from 15% to 10%;
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