Angola Tax Changes for 2021 Include New Simplified VAT Regime

Angola has introduced several tax changes as part of the Budget for 2021. Most of the key changes concern VAT as follows:

• The VAT rate is set at 5% on the import and transfer of various agricultural goods listed in Table I of the Value Added Tax Code, which includes livestock, seeds for sowing, grains for processing, various fertilizers, pesticides, herbicides, and fungicides, and agricultural materials, tools, and machinery, among others;
• New rules are provided for determining the taxable v…