Tax Benefits Code

Law 8/22 of 14 April approved the Tax Benefits Code (“TBC”).

In a single, autonomous piece of legislationthat is part of the legal-tax framework, the TBC consolidates the regulation of tax benefits applicablein the Angolan legal-tax system. In doing so, it sets out their definition and classification by sector,and the rules and terms for their application, control and monitoring. The TBC will come into force on 14 May 2022.