Angola | Rules on the application in time of the legislation included in the tax package approved in 2020

In the context of the approval of the Tax Package, which is part of the tax reform process started in 2020, on 15 April 2021, the Angolan General Tax Administration (AGT) published Instruction 0033/ GACA/GJ/AGT/2021 (the “Instruction”). The aim of this Instruction is to clarify and standardise the rules for the application in time of the amendments made to the main Tax Codes, in particular, the Industrial Tax Code and the Employment Income Tax Code.

The recently published Instruction emphasises that any Real Estate Tax costs incurred do not contribute to the determination of the Industrial Tax base with reference to the year 2020.