Africa-Press – Angola. Angolan public servants who earn salaries of up to 100 thousand kwanzas are, from this month (January), exempt from paying Labor Income Tax (IRT).
This is a Government initiative that aims to alleviate the current cost of living for families.
The measure, which is already published in the Diário da República on December 29, 2023, is included in the General State Budget (OGE) for the 2024 economic year, whose implementation began Tuesday (2nd).
Before this initiative, the IRT exempted employees with salaries up to 70 thousand kwanzas.
With the new adjustment, the IRT table is reduced from 13 to 12 steps, with the minimum percentage rate set at 13%, for salaries from 101 thousand to 150 thousand kwanzas (second step), while the maximum percentage is set at 25 %, for income above 10 million and one kwanza (12th step).
In other words, workers with income between 101 thousand and 150 thousand kwanzas will pay 13% IRT, while those who earn more than 10 million and one kwanza will pay 25% of this tax, in addition to the 3% Social Security discount. , respectively.
Labor Income Tax is levied on the income of self-employed workers (self-employed, commercial and industrial professionals) or employees (dependent workers).
For the purposes of this tax, income from work constitutes all remuneration received in the form of wages, salaries, fees, retainers, bonuses, subsidies, prizes, commissions, participations, attendance tickets, emoluments, participation in fines, costs and other remunerations accessories.
Exemption from IRT
In addition to employees with salaries of up to 100 thousand kwanzas, income earned by agents of Foreign Diplomatic and Consular Missions is also exempt from Labor Income Tax, as long as there is reciprocity of treatment, as well as income obtained by foreign personnel at the service of International Organizations.
The IRT exemption also covers income earned by foreign personnel serving Non-Governmental Organizations, under the terms established in agreements with national entities, with prior written recognition from the General Tax Administration (AGT).
Physically disabled people and war maimed people, whose degree of disability or incapacity is equal to or greater than 50% proven with the presentation of documentation issued by a competent authority, as well as the income earned by former combatants, veterans of the country and war disabled people are also exempt from IRT.
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