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Angola: National Assembly Approves Tax Changes in 2024 Budget and Law No.14/23

  • Law No.14/23 approved by National Assembly in Angola introduces tax changes
  • Changes include reducing VAT rates on imports and transmission of foodstuffs, introducing VAT on gambling, and exempting certain companies from VAT withholding
  • Other changes include introducing a special contribution on foreign exchange operations, disallowing certain deductions, increasing threshold for employment income tax, and requiring electronic submission of corporate income tax declarations

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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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