Within the scope of the undergoing tax reform in Angola, a number of important new tax codes were published in the National Gazette, together with significant changes introduced to other tax codes that are now republished.
The new tax codes and the other amendments introduced revoke all legislation that contradicts the new tax codes, namely the ones in force.
Special attention should be drawn to the transitional regime that determines the application of the new Industrial Tax rate of 30% to the 2014 fiscal year and that clarifies that the withholding tax rates applicable to construction contracts and subcontracts and to the rendering of services remain at 3.5% and 5.25%, respectively.