One of the changes discussed in the General State Budget 2024, presented to the National Assembly on 31 October 2023, includes;
Increasing the threshold for employment income tax by exempting individual taxpayers who earn employment income of up to AOA100 000 from Employment Income Tax;
Law no. 15_23 which introduces the change in tax tables. These changes are effective 1 January 2024
The tax file was deployed on 18 January 2024 - click on the link below for more information:
- All Angola customers must rollover from December 2023 to January 2024
- During this process, the 2023 Tax Year-end instance will be created
- If you do not complete the rollover from December 2023 to January 2024, your December values will recalculate according to the new rates, which will require manual intervention.