imageAngola | Law No. 18/14, of 22 October 2014

Personal Income Tax Code - 2014

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Law No. 18/14 of 22 October 2014 With the country’s Tax Reform process underway, it is necessary to revise the Personal Income Tax Code in order to eliminate some aspects that have proven to be inadequate for the current economic and social reality and totally obsolete. The present revision includes the segmentation of income in Groups, namely Groups A, B and C, the elimination of some exemptions and the clarification and development of some matters included in the scope of the tax liability. On the other hand, there was a harmonization with the changes in the Corporate Income Tax Code. The various changes allow not only the widening of the tax base, increasing effective revenue, but also the introduction of greater social justice in the distribution of the tax burden of individual taxpayers, in accordance with the spirit and the letter of Presidential Decree No. 50/11, of 15 March 2011, which defined the Government’s General Lines for the Tax Reform. The National Assembly approves, by the mandate of the people, under the combined provisions of paragraph (e) of Article 164, subparagraph 1 (o) of Article 165 and subparagraph 2 (d) of Article 166, all from the Constitution of the Republic of Angola, the following: LAW APPROVING THE PERSONAL INCOME TAX CODE