state of emergency renewal due to covid-19 pandemic and

April 2020

State of Emergency renewal due to COVID-19 pandemic and new excepcional measuresCombating COVID-19 with resilience

- Updated version as of 16th April, 2020 -

2© 2020. For more information, contact Deloitte & Touche - Auditores Limitada 2

Tax and contributive measures

Index

01

03 Tax Administration operation

02 Customs measures

Interactive document


Tax Administration operation

Deadlines

Customs measures

04 Deadlines



Exceptional measures to support companies’ treasury

Corporate Income Tax – Deadlines’ extension

• Extended the deadline for the final settlement concerning Corporate Income Tax for companies belonging to Group A.

• Extended the deadline for the final settlement concerning Corporate Income Tax for companies belonging to Group B.

May 29th 2020

June 30th 2020

April 30th 2020

May 29th 2020



Deadlines

Customs measures

Updated onApril 9

RELEVANT LEGISLATION

Presidential Decree n.º 98/20, from April 9




Urban Property Tax – Deadlines’ extension

Urban Property Tax payment’s deadline were extended, being now paid in 4 installments:


AGT Information dated from January 27, 2020

AGT Information dated from April 13, 2020

Urban Property Tax Code

April 30th June 30th August 31th October 31th



Deadlines

Customs measures

Updated onApril 13




Presidential Decree n.º 23/19, from January 14


VAT – Tax credit

Granted a tax credit that can go up to 12 months over the VAT levied on the importation of raw materials orequipment to be used in the production of any of the 54 goods/products listed in Presidential Decree n.º 23/19, fromJanuary 14 (check next slide).

April 2020

May2020

[…] […] […] December2020

[…] April 2021

Raw materials and equipment importation to

produce eligible goods

VAT and customs duties payment on 12 monthly installments or a single installment by the end of the 12-month period*

VAT is only deductible when the VAT is paid*



Deadlines

Customs measures

Updated onApril 9





1. Pineapple;

2. Bulk sugar;

3. Water (table water);

4. Lettuce;

5. Garlic;

6. Regular rice;

7. Banana;

8. Sweet potato;

9. Potato;

10. Cunene’s Carapau;

11. Goat meat;

12. Chicken meat;

13. Pork meat;

14. Dry cow meat;

15. Onions;

16. Carrots;

17. Beer;

18. Cement;

19. Glue cement, mortar, plasters and others alike;

20. Clinker;

21. Solid detergent (powdered);

22. Liquid detergent;

23. Glass containers;

24. Wheat flour;

25. Beans;

26. Disposable diapers;

27. Cassava flour (Fuba de bombó);

28. Corn flour (Fuba de milho);

29. Corn grains;

30. Napkins, toilet paper and kitchen towels;

31. Milk;

32. Bleach;

33. Manioc;

34. Mango;

35. Spaghetti;

36. Honey;

37. Sunflower oil;

38. Soybean oil;

39. Peanut oil;

40. Palm oil;

41. Eggs;

42. Sanitary towels;

43. Peppers;

44. Cabbage;

45. Blue soap;

46. Regular salt;

47. Sardinella aurita (lambula);

48. Sardinella maderensis (palheta);

49. Juices and soft drinks;

50. Tilápia (cacusso);

51. Paint for construction;

52. Tomato;

53. Stainless steel bars for construction (more than 8mm);

54. Tempered glass, laminated, multiple layers or others.

VAT – Tax credit – Products list



Deadlines

Customs measures




After the event tax regularization

Taxes due on the imports of food products, medicines and other essential goods will be regularized after the chargeable event with the objective of speeding up the importation process and to assure the regular supply of these goods.

The Ministry of Finance will be responsible to set the rules to operate this mechanism. Still waiting for regulation.



Deadlines

Customs measures

Updated onApril 9


Presidential Decree n.º 82/20, from March 26





Social Security Contributions – Relief granted to companies

It was authorized the deferral of Social Security Contributions (8% contribution levied on payslips) regarding the 2020 second quarter. These contributions can be paid in 6 monthly installments between July and December 2020, without late payment interest.

April2020

May June July August September October November December2020

Social Security Contributions

2nd Quarter 2020

6 monthly installments without late payment interest



Deadlines

Customs measures

Updated onApril 9





Exceptional measures to support employees

Social Security Contributions – Relief granted to employees

Private sector companies must transfer to employees’ salaries the Social Security deduction (3% withheld on the employee’s income) during the months of April, May and June 2020. 3% Tax and contributive

measures


Deadlines

Customs measures

Updated onApril 9





Existing mechanisms that can mitigate the impact on treasury



Deadlines

Customs measures

Installments payment

According to the General Tax Code, tax debts may be paid in installments. For that purpose, taxpayers need to submit a formal request to the head of the applicable tax office. This request will be approved if it is confirmed that, due to serious economic constraints, the taxpayer is not able to pay the tax liability in a single payment.

Considering the taxpayer’s level of economic difficulties and the amount of the tax liability, the installments, which must be paid on a monthly basis, might be settled between a minimum of 6 and a maximum of 18. Each installment must be equal or greater than AKZ 10,000.

Notwithstanding, installments payment require the provision of a trustworthy guarantee (e.g. bank guarantee, pledge or escrow account). This requirement might be waived whenever taxpayers face economic difficulties.

Guarantee waiver

A guarantee waiver can be exceptionally granted when it can be proved that granting it will result in severe economic difficulties for the taxpayer, being this waiver the only solution for the taxpayer to obtain future financial means to assure the payment of the outstanding tax liability.


General Tax Code


Customs measures


Customs measures

VAT and customs duties



Deadlines

Customs measures

Updated onApril 9

VAT and customs duties exemption on imports of goods for humanitarian aid and donations

It was approved a VAT and customs duties exemption on the importation of goods for humanitarian aid and donations, as set out on VAT Code, paragraph c), no 1 of article 14.

If dully documented, the costs related to the above mentioned goods, as well as those locally produced, services and all funds assigned for that purpose (humanitarian aid and donations), will be considered as deductible, under article 19 of Corporate Income Tax Code.

These exemptions are applicable exclusively to the importation of goods for humanitarian aid and donations, and it is not allowed to give any other purpose than those.





Public service during the State of Emergency

The Angolan Tax Administration (“AdministraçãoGeral Tributária”) released an official statement dated from March 27, 2020 stating that, during the State of Emergency, tax and customs offices will operate between 8:00 AM and 13:00 PM to assure minimum services.

To guarantee that tax obligations are regularly complied, the Angolan Tax Administration recommends taxpayers to access the available remote channels, such as:

Taxpayer Support Centre

• Operating hours: 8:00 AM – 15:30 PM

• Contact: 923 16 72 72

• E-mail: [email protected]

Taxpayer Portal

• Site: https://portaldocontribuinte.minfin.gov.ao

Asycuda System for customs clearance

E-mail: [email protected] ou [email protected]


AGT Information dated from March 27, 2020




Deadlines

Customs measures

Updated onApril 9


Deadlines


Deadlines

Statute of limitation and prescription periods counting suspension

The State of emergency suspended the counting of statute of limitation and prescription periods to exercise actions and rights.

Updated onApril 9

Example

This measure will cover the state of limitation period granted to the Angolan Tax Administration to collect taxes.

The limitation period granted to the Tax Administration to collect taxes is 5 years, which can be extended to 10 years whenever the additional assessment is based on an infraction by the taxpayer.


Presidential Decree n.º 82/20, from March 26




Deadlines

Customs measures

04/30/2015

Statute of limitation period 5 years

State of Emergency Declaration for 30 days

Statute of limitation period counting is suspended

March 30, 2020End of statute of limitation

period on 05/30/2020

04/30/2016 04/30/2017 04/30/2018 04/30/2019 04/30/2020


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