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Tax Treaty between Angola and Portugal has Entered into Force

07 October 2019

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Treaty Development

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Angola-Portugal

Portugal has published Notice No. 93/2019 in the Official Gazette, announcing that the income tax treaty between Angola and Portugal entered into force on 22 August 2019. The treaty, signed 18 September 2018, is the first of its kind between the two countries. Taxes Covered The treaty covers Angolan employment income tax, industrial income tax, urban property tax, and investment income tax. It covers Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax. Income from Hydrocarbons Article 2 (Taxes Covered) includes the provision that the treaty will not affect the right of either of the Contracting...