Angola has introduced several tax changes as part of the Budget for 2021. Most of the key changes concern VAT as follows:
- The VAT rate is set at 5% on the import and transfer of various agricultural goods listed in Table I of the Value Added Tax Code, which includes livestock, seeds for sowing, grains for processing, various fertilizers, pesticides, herbicides, and fungicides, and agricultural materials, tools, and machinery, among others;
- New rules are provided for determining the taxable v…