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14 January 2016

Angolan reinvestment of profits deduction requires action by February 29

Angola's Industrial Tax Code includes a tax benefit related to the reinvestment of profits. In order to benefit from this tax relief, taxpayers must submit a duly supported application to the Angolan Tax Administration by the end of February of the following year in which the investment is completed (in this case, by February 29, 2016 for investments concluded by December 31, 2015).

A Tax Alert prepared by Ernst & Young Angola, and attached below, provides additional details.

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Document ID: 2016-0091

 

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