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
New Tax file available on 19 January 2024: New Tax File | Angola, Zambia and Zimbabwe: New tax file Version 202401 now available for download on Release 6.1b - changes effective 1 January 2024 (Sage VIP Premier only)
- All Angola customers must rollover from December 2023 to January 2024
- A Tax Year-end copy system must be created before performing a Start new period to January 2024
- 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.