8 January 2026
Law no. 14/25, of 30 December, which approves the State Budget Law for 2026, was published in the National Gazette and came into force on 1 January 2026.
Given its relevance, it is important to emphasize that some of the tax measures included in the proposal are identical to those provided for in the State Budget Law for 2025, although there are new measures to consider.
Taxpayers with tax debts relating to tax periods up to October 31, 2025, benefit from interest pardon, provided they pay the taxes and the respective penalties by the end of June 2026.
The forgiveness does not cover debts relating to the 2025 fiscal year whose obligations must be fulfilled during the 2026 fiscal year. Also excluded are taxpayers subject to special tax regimes and debts that have been subject to a final judicial decision.
In the case of debts related to Property Tax on ownership, in addition to interest forgiveness, taxpayers also benefit from forgiveness of the tax relating to fiscal years 2020 to 2023, provided they voluntarily register their properties and declare ownership during the 2026 fiscal year.
Taxpayers subject to Industrial Tax under the General Regime and Simplified Regime remain obliged to submit their declarations electronically. The Tax Administration must create conditions for taxpayers without technological capacity to carry out electronic submission at its offices, with the assistance of tax technicians.
The possibility remains for amortization, in the five fiscal years immediately following the investment, of costs incurred by taxpayers in the agricultural and livestock sector with investments in infrastructure necessary for the production and distribution of products, benefiting the communities where they are located, including, namely, water, electricity, or access roads. Acceptance of these costs depends on prior authorization from the Tax Administration, and the expense and associated documentation must be duly verified.
Software platforms related to mobile financial services may be amortized, for tax purposes, over a period of up to eight years, subject to technical and accounting reasoning.
It was excluded the regime in force during 2025, which allowed for the revaluation of fixed assets at fair value. According to said regime, equity variations and potential capital gains or losses resulting from the revaluation of fixed assets to their fair value (tangible and intangible fixed assets and real estate investments) should be tax neutral and should not qualify as income or costs for the purposes of computing the taxable income.
The State Budget Law for 2026 maintains the Special Contribution on Foreign Exchange Operations (CEOC) to be levied on transfers made within the scope of service contracts, technical assistance, consultancy and management, capital operations and unilateral transfers.
Transfers made for health and education expenses are excluded from CEOC, as long as they are made directly to the bank accounts of the health or educational institutions, as well as transfers of dividends or loaned capital, including the respective interest.
The CEOC is due by natural or legal persons domiciled or headquartered in national territory who request transfers covered by the respective regime from a financial institution.
The CEOC calculation basis corresponds to the amount, in national currency, transferred, regardless of the exchange rate used.
This Contribution will be due, at a rate of 2.5% or 10%, depending on whether natural persons or legal entities are ordering the transfer, respectively, on the value of the transfers to be made.
The settlement and payment of CEOC is carried out by the financial institutions to which the transfer abroad is ordered.
The State and any of its bodies, establishments and organizations will be exempt from CEOC, except for public institutes and companies, as well as diamond companies and oil investment companies.
Additionally, foreign airlines authorized to operate in Angola, as well as the national flag carrier, are exempt from the CEOC.
The 2026 State Budget Law maintains the following changes to the Personal Income Tax Code:
The rule that determined that, when a taxpayer’s turnover was four times higher than the maximum limit for its activity in the Minimum Profit Table, the taxable base would correspond to the total sales of goods and services not subject to withholding tax, remains suspended. This rule, suspended in 2025, continues to have no effect in 2026.
Additionally, the State Budget Law increases the exemption threshold for IRT on earned income to AKZ 150,000 (previously AKZ 100,000).
The reduction of the VAT rate to 5% on the import or transfer of industrial equipment by the manufacturer, as stated in the OGE for 2025, is maintained. Nevertheless, is subject to a request by the taxable person and approval by the Tax Administration (provided that the industrial nature of the equipment and its intended purpose are duly proven).
In cases where there is a positive variation in turnover or import operations that exceed the limits of the exclusion or simplified regime, the taxpayer must change the taxation regime by the end of the month following the import or the operation that caused the change in turnover.
If the taxpayer does not make this change, the Tax Administration may proceed to do so officially.
Paragraph 3 of Article 27 of the Tax on Invested Capital Code is revoked, which under certain conditions would allow several types of income to be subject to the reduced tax rate of 5%. These types of income will now be subject to a 10% tax rate.
Changes have been introduced to the Property Tax applicable to transfers of real estate intended for residential purposes:
Operations in the Interbank Money Market, as defined in applicable legislation, are still exempt from Stamp Duty under Item 16 of the Table annexed to the Stamp Duty Code, approved by Presidential Legislative Decree No. 3/14 of October 21.
The exemption from Stamp Duty taxation also remains in place for capital increases carried out by legally incorporated commercial companies, as provided for in Item 7.3 of the Table annexed to the Stamp Duty Code, approved by Presidential Legislative Decree No. 3/14 of October 21.
Transactions carried out through payment platforms and instant mobile transfers duly authorized by the National Bank of Angola are exempt from VAT and Stamp Duty.
The State Budget Law maintains the distribution of the proceeds from the auction of delayed or abandoned goods, or other goods subject to fiscal action that are in the customs area.
Without prejudice to the establishment of a regime applicable to electronic auctions by the Holder of the Executive Power, their implementation is permitted through the application, with the necessary adaptations, of the rules defined in the Customs Code.
Goods distributed to state services are exempt from storage fees, provided they are removed from the port area within 30 (thirty) days from the date they are declared lost in favor of the State.
Amendments to the current Customs Tariff have been proposed regarding the quantities of personal goods that may be transported by individuals over 18 years old, as well as regarding certain exemptions from duties and other customs requirements applicable to literary books, among others.
It is established that the minimum customs duty rate for the fiscal year is set at 5%.
On the other hand, amendments to Tables I and II regarding prohibited and restricted goods specified in the Preliminary Instructions of the Tariff and the rates applicable to tariff codes are also established.
The State Budget Law maintains that the Proposal, Authorized Consignors and Consignees are now considered declarants under the customs transit regime.
Goods in international transit are exempt from the payment of customs duties and other charges, except for General Customs Fees, which amount to Kz 56.200,00 (fifty-six thousand two hundred kwanzas).
The rules set out in the General Tax Code regarding payment in instalments should be extended to customs’ debts, in the following cases:
For the fiscal year 2026, the following benefits are granted to Authorized Economic Operators certified as importers and exporters:
Regarding Authorized Economic Operators certified as Official Customs Brokers and Freight Forwarders, the following benefits are granted:
It is established that the benefits in force in 2025 be maintained in 2026, specifically the exemption from the following taxes, when they constitute a cost to the Project:
Additionally, regarding VAT, the application of the status of withholding agent to the aforementioned projects is maintained, with an exemption from the payment of the tax.
Public companies in liquidation that voluntarily declare and pay the outstanding capital related to Social Security contributions are exempt from paying interest and fines.
Adherence to the regime must be made through a request by the liquidating entity, provided that the declaration and payment of the outstanding capital are made by December 31, 2026.
This regime applies exclusively to extinct companies and those in liquidation, and the forgiveness shall only cover interest and fines.
Taxpayers are considered to have an irregular tax situation if they have failed to comply with any obligation set forth in the Tax Laws.
Furthermore, a taxpayer in an irregular situation is prohibited from clearing their goods through customs.
Goods held under the previous provision may be subjected to administrative procedures for the purpose of settling any tax debt.
Tax benefits for investment, as provided for in the Tax Benefits Code and other applicable legislation, are granted during the implementation phase of projects, and granting such benefits for reinvestments is prohibited.
KPMG Angola is fully available to provide any clarification on these matters.
