The current Tax Rate is a 5.25% withholding tax to be deducted from any invoices that an Operating Company pay to a Contractor.
I heard of there is a new decree that the rate will be going soon. Can someone confirm please?
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Yes, the Government of Angola just enacted a new series of law with a strong impact on the fiscal regime, effective 1 January 2015. The new decree effects:
You should also be aware that your Angolan entity will be paid in local currency (Kwanza) and not in any other currencies.