High-Level Summary Technical Assistance Reports

Angola: Modernization of Income Taxation

Author/Editor:

Alexander D Klemm ; Miguel Pecho ; Sandro de Vargas Serpa ; David Wentworth

Publication Date:

February 5, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

High Level Summary Technical Assistance Report No. 2024/004

Subject:

International organization Monetary policy

Frequency:

Regular