Angolan consumption tax now applies to oil and gas companies

African Tax Newsalert

Under a new law amending Angola’s consumption tax regime, oil and gas operators in Angola are subject to the regime effective October 8, 2013. The new law clarifies that oil and gas operators, while taxed under a special tax regime (the Petroleum Income Tax), are not excluded or exempted from consumption tax.

Service providers should immediately begin to include consumption tax on invoices to oil and gas operators for services provided. Oil and gas operators should note the significant cost of noncompliance — disallowance of deductions — and take immediate steps to ensure compliance.



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