Angola - 2026 General State Budget proposal

Personal Income Tax (PIT)

• The exemption from PIT for employment income up to Kz 100,000.00 (one hundred thousand kwanzas) is increased to Kz 150,000 (one hundred and fifty thousand kwanzas).
• The taxation at a rate of 6.5% on the volume of sales of goods and services not subject to withholding tax at source is maintained for Group C taxpayers whose turnover in the 2025 fiscal year is equal to or less than Kz10,000,000 (ten million kwanzas).
• Group C taxpayers engaged in agricultural, forestry, livestock, and fishing activities, with a turnover exceeding Kz10,000,000 (ten million kwanzas), are taxed at a rate of 10%.
• The fine imposed for failure to remit PIT, or for remitting an amount lower than that withheld, is reduced to the amount of tax outstanding rather than twice that amount, without prejudice to criminal proceedings in the event of a tax offence.

Corporate Income Tax (CIT)

• The rules set out in the 2024 and 2025 SB regarding the tax implications of revalung tangible and intangible assets, and investments in real estate at fair value, remains in force.
• The tax deductibility of costs incurred by taxpayers in the agricultural and livestock sectors for investments in infrastructure necessary for the production and distribution of goods remains available for five years, subject to prior approval by the General Tax Administration.
• The obligation for CIT taxpayers under the general and simplified regimes to submit their returns electronically is maintained.
• The IT platforms that support mobile financial services shall be capable of being amortised, for tax purposes, over a period of up to eight (8) years, subject to adequate technical and accounting justification.

Property Tax Code (IP)

• Transfers of immovable property for residential purposes valued at up to Kz 40,000,000.00 (forty million Kwanzas) are exempt from Property Tax.
• The Property Tax rate applicable to transfers of immovable property for residential purposes valued above Kz 40,000,000.00 (forty million Kwanzas) is reduced by 50%, up to a limit of Kz 100,000,000.00 (one hundred million Kwanzas).

Amendment to the Tax Enforcement Code

• The concept of an unsettled tax situation for taxpayers who are in breach of any obligation provided for in the Tax Laws remains applicable.
• The prohibition on taxpayers in irregular situations from clearing their goods through customs remains applicable.

Exemption from Stamp Tax in the Interbank Money Market and on capital increases

The stamp duty exemptions provided for in the 2025 State Budget (OGE), namely those relating to certain Interbank Money Market operations, and to capital increases carried out by duly constituted commercial companies, as provided in Item 7.3 of the table annexed to the Stamp Duty Code, are maintained.

Exceptional Registration Regularization Regime

• Taxpayers with tax debts arising from events occurring in tax periods up to 31 October 2025 benefit from a waiver of interest, provided they pay the tax and the respective fine by the end of June 2026.
• This regime does not cover tax debts relating to the 2025 fiscal year whose obligations must be fulfilled during the 2026 fiscal year.
• Excluded from the scope of this regime:
  • a) Taxpayers subject to special tax regimes.
  • b) Tax debts that have been the subject of a final court judgment.
• Taxpayers who voluntarily register their properties with the Tax Administration during the 2026 fiscal year may be exempt from paying Property Tax and interest due in relation to the fiscal years 2020 to 2023.

Limitation on the granting of tax benefits

Investment tax benefits provided for in the Tax Benefits Code and other legislation are granted during the implementation phase of projects, and the granting of tax benefits to reinvestments is prohibited.

Motor Vehicle Tax

New rules are introduced for determining Motor Vehicle Tax applicable to vessels.

VAT

• The VAT rate on the import or transfer of industrial equipment by the manufacturer is reduced to 5%, upon request by the taxpayer and approval by the AGT.
• In the event of a positive change in turnover or import transactions exceeding the thresholds of the exclusion and simplified regime, taxable persons are now required to change the VAT regime by the end of the month following the import or the transaction that gave rise to the change in turnover.
• Transactions carried out via payment platforms and mobile instant transfers, duly authorized by the BNA, are exempt from VAT.

Benefits for Authorized Economic Operators and National and International Organizations or Entities

The provisions of the 2025 State Budget on benefits for Authorized Economic Operators are republished, namely:

Importers and exporters:

• Possibility of paying customs duties in installments.
• 60-day deadline for submitting the Declaration of Exclusivity Commitment for goods imported into the Production Sector;
• Exemption from presenting a guarantee in the customs clearance process and the possibility of customs clearance of goods with deferred payment of duties and other due customs charges.

Official Dispatchers and Freight Forwarders:

• Reduction in the number of physical and documentary inspections;
• Priority treatment if selected for physical and documentary inspections; and
• Exemption from the presentation of a guarantee in transit processes

Benefits are introduced for the implementation of projects of public interest by International and National Organizations or Entities, namely:

• Exemption from customs duties, property tax, VAT and stamp duty for projects created by the holder of executive power, subject to prior approval by the Ministry of Finance.
• For the exemption from VAT, the status of captivating agent applies to the above-mentioned projects.

Changes to the Customs Tariff

• For the fiscal year 2026, the minimum customs duty rate is established at 5%, with exceptions applying to duty-free goods, goods benefiting from tax incentives, and goods imported by the State.

The proposal also presents a set of changes to import duties on some food products and raw materials, such as:

• Increase in import duties on cotton fabrics from 20% to 25%; and,
• Implementation of import duties on rice weighing less than 10kg at the rate of 30%.