Angola Customs Import and Export Tax Rates

Angola's import and export tax rates include tariffs, VAT and consumption tax. According to information from 2024, Angola's tax system and system have been updated. Here are some key points.

1. VAT: In July 2019, Angola began to levy VAT. Small-scale taxpayers (annual turnover or imports less than 10 million kwanzas) are exempt from VAT; VAT simplified accounting taxpayers (annual turnover or imports between 10 million and 350 million kwanzas) have a VAT rate of 7%; VAT general taxpayers (annual turnover or imports exceeding 350 million kwanzas) have a VAT rate of 14%. From 2024, the VAT rate for all food will be reduced from 14% to 7%.

2. Industrial tax (corporate income tax): Angola applies different tax rates to different types of taxpayers. The standard rate is generally 25%, and the rate for specific industries such as agriculture, fisheries, animal husbandry, and forestry (except timber extraction) is 10%; the rate for banking, telecommunications, and insurance industries is 35%. The tax base for prepaid industrial tax is the sales of goods and commodities in the first half of the year, and the tax rate is 2%.

3. Tariffs: Angola's tariff rates vary depending on the goods, and the usual range of rates is 2% to 70%. In addition, customs fees (2%) and statistical taxes (0.1%) are required.

4. Consumption tax: Angola's consumption tax is usually calculated and paid when the invoice or equivalent document is paid, and the consumption tax amount must be included in the invoice amount. The general rate of consumption tax is 10%, but the rate for some service industries may be 5%.

5. Personal income tax: The tax rate of personal income tax is different according to the income level. The wage income of ordinary labor is levied at a 13-level progressive tax rate ranging from 0% to 25%; the income of individual business operators and individual industrial and commercial households adopts a single tax rate of 6.5%.

6. Capital gains tax: The tax rate of capital gains tax is 15%, which applies to interest on borrowed capital, credit contract income, etc.; for the profits of corporate partners or shareholders, corporate bonds, interest on treasury bills, etc., the tax rate is 10%.

7. Tax incentives: In April 2022, Angola promulgated the "Tax Incentive Code", which integrated the tax incentive system and provided more attractive tax incentives for investment. Tax incentives include deferred payment of taxes, reduced tax rates, tax exemptions, etc., and the preferential period can be up to 15 years.

8. Zero tariff treatment: From December 25, 2023, China will grant zero tariff treatment to 98% of tariff items of products from six least developed countries including the Republic of Angola, which will be conducive to promoting China-Africa friendly cooperation.