Angola: Modernization of Income Taxation

By Alexander D Klemm, Miguel Pecho, Sandro de Vargas Serpa, David Wentworth

February 5, 2024

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Format: Chicago

Alexander D Klemm, Miguel Pecho, Sandro de Vargas Serpa, and David Wentworth. Angola: Modernization of Income Taxation, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

A capacity development mission of the Fiscal Affairs Department (FAD) of the IMF visited Luanda, during the period November 6-17, 2023, to provide advice on tax policy and administration reforms to modernize and improve the income tax system. The mission recommended moving from a highly fragmented toward a more unified approach to taxation of income, with all labor income aggregated over the year and taxed under a common progressive tax schedule. The mission pointed to opportunities for improving income taxes compliance approaches, including through the development of capacities to manage tax incentives and international tax risks.

Subject: International organization, Monetary policy

Keywords: Corporate income tax, Personal income tax, Progressivity

Publication Details

Pages:

4
Volume:

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DOI:

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Issue:

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Series:

High Level Summary Technical Assistance Report No. 2024/004
Stock No:

HLSEA2024004
ISBN:

9798400265228
ISSN:

2959-4103

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High-Level Summary Technical Assistance Reports