Remittances exempt from taxation in Angola

5 March 2015

Unilateral remittances, provided they are from emigrants, and payments for education and health abroad are now tax exempt, the Angola Finance Minister said during the debate on the details of the amending State Budget (OGE) for 2015.

Armando Manuel told members of parliament that as part of the new special contributions created by the government to sustain deficits caused by low oil prices in the international market, some transactions “will eligible for exemptions.”

“There are invisible transactions,” he continued, “that are not included in this table, as is the case of unilateral remittances, payments for training and health abroad,” the minister said, according to state newspaper Jornal de Angola.

The Minister stressed the need, in the current conditions of the Angolan economy, to tax provision of service contracts that are not subject to minimum tax, which are contracts that “incorporate significantly higher prices for the level of training of the workforce,” in the domestic and external market.

“These contracts,” he said, “should be taxed if there is no double-taxation agreement in place.” (macauhub/AO)