Angola – Presidential Decree 191/21 – Rules on Registration, Valuation and Revaluation of Properties

In brief

Presidential Decree 191/21, of 10 August, published in the Official Gazette, approves the rules for the registration, valuation and revaluation of properties, for the purposes of the Property Tax Code.

We highlight the following provisions:

• Setting of rules for the registration, valuation and revaluation of properties, as well as the rules applicable to properties records.
• The valuation of the property is made by the tax office of the respective area of location; an exception applies in case of properties held by Large Taxpayers, which valuation if made by the Large Taxpayers Tax Office.
• The taxpayer may request (i) a revaluation of the property within 30 days following the notification of the result of the valuation and (ii) a revaluation of the property for each alteration made to the property. The revaluation procedures are carried out by the competent Tax Office. A final decision must be issued within 60 days following the request.
• Changes were made to the base values of some coefficients included in the formula for the assessment of the tax registered value of the property.

This Diploma applies to property tax settlements corresponding to the fiscal year 2021 and following and entered into force on the date of its publication.

^{© 2021 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.}