The income tax treaty between Angola and Portugal was signed on 18 September 2018. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Angolan employment income tax, industrial income tax, urban property tax, and investment income tax. It covers Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax.
Income from Hydrocarbons
Article 2 (Taxes Covered) includes the provision that the treaty will not affect the…