Samuel Fernandes de Almeida, Tax partner, is quoted in an online article, published by the Angolan financial newspaper Mercado, discussing the changes in the Angolan employment income tax (IRT) code.

The article details how the change introduced by Law 9/19, of 24 April, establishes that the distribution of profits to members of civil companies or those without a commercial form will become subject to employment income tax. As for commercial companies, taxation under the capital gains tax will continue to apply. According to Samuel Fernandes de Almeida, “the end-of-career bonuses due in the context of the legal employment relationship will no longer be excluded from the tax base, which means that they become fully subject to employment income tax at the general rates.”

Read the article here.