Angola: Tax Reform, Another Step

Two new pieces of legislation have recently been passed in the context of the reform of the Angolan tax system and, in particular, the Executive Project for Tax Reform (EPTR). The first is Law 18/11 of 21 April which introduces changes to the Corporate Tax Code and to the Urban Property Tax Code. The main objective of this first law is to reduce the tax burden on owning property and earning income from it. The second is Presidential Decree 81/11 of 25 April which approves the new tables for valuation and re-valuation of urban buildings.