imageAngola | Law No. 18/11, of 21 April 2011

Amendment of the Urban Property Tax Code - 2011

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Law No. 18/11 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 essential to promote the real estate market and act to alleviate the high tax burden on it; Without carrying out any fundamental amendments to Urban Property Tax and Corporate Income Tax, the tax burden on ownership and income from buildings shall be alleviated, while limiting, on the other hand, the set of exemptions and non-subjection events in force thus far. 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 regards to lower-income households. Hence, the situation of these households was guaranteed through a structure of progressive rates that result in the non-taxation of a part of the value of the property. The National Assembly approves, by the mandate of the people, under the provisions of subparagraph 1 (o) of Article 165 and subparagraph 2 (d) of Article 166, from the Constitution of the Republic of Angola, the following: LAW AMENDING THE URBAN PROPERTY TAX CODE AND THE CORPORATE INCOME TAX CODE