imageAngola | Law No. 16/11, of 21 April 2011

Amendment of the Property Transfer Tax Regulation (SISA) and of the Stamp Duty Code - 2011

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Law No. 16/11 of 21 April 2011 Taking into account the ongoing reform project of the Angolan tax system, guided by the orientations defined in the Tax Reform General Guidelines, aiming to adapt it to the new economic and social reality of the Country which has been lagging behind its legal and tax system for a long time, it is considered to be essential to promote the real estate market and act to alleviate the high tax burden on it. Without making substantive changes to the Inheritance and Donations Tax and the Sisa - Property Transfer Tax, as well as to the Stamp Duty, the tax burden on property transfers is eased, while limiting the set of exemptions or situations of no subjection so far in force. These measures, along with the reinforcement of technical and human resources for the collection of revenue and verification, contribute to an effective collection of increasing revenue by widening the real tax base. As the right to decent housing is a constitutional right provided for in article 85 of the Constitution of the Republic of Angola, it is important to ensure that the tax burden, even if reduced, does not constitute an obstacle for the practice of this right, especially in what regards lower-income households. From this point of view, the situation of those households which are covered by one of the few exemptions provided for in this tax has been safeguarded. The National Assembly approves, by the mandate of the people, under the provisions of subparagraph (o) of article 165 and subparagraph 2 (d) of article 166, both from the Constitution of the Republic of Angola, the following: LAW AMENDING THE REGULATION FOR ASSESSMENT AND COLLECTION ON THE INHERITANCES AND DONATIONS TAX AND SISA ON THE TRANSFER OF REAL ESTATE FOR CONSIDERATION, THE REGULATION ON STAMP DUTY AND THE GENERAL TABLE ON STAMP DUTY