Angola Gazettes 2022 General State Budget

The Angolan Official Gazette Dec. 30, 2021, published Law No. 32/21, on the 2022 general state budget. The law includes measures: 1) providing a VAT exemption on goods supplied to mitigate natural disasters and pandemics; 2) setting a 7 percent VAT rate on hotel and catering services under specific conditions; 3) reducing the VAT rate to 7 percent from 14 percent for specified food and agricultural inputs; 4) exempting from the 7 percent stamp duty on international passenger air transport and the leasing of real estate; 5) applying a 6.5 percent industrial tax withholding rate for accidental services, for fiscal ...