Angola: Income and profits taxes
* indicates monthly or quarterly data series
| Angola |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 34.76 |
| Year | 2019 |
| Measure | percent |
| Data availability | 1999 - 2019 |
| Average | 40.22 |
| Min - Max | 27.61 - 55.98 |
| Source | The World Bank |
The latest value from 2019 is 34.76 percent, an increase from 32.78 percent in 2018. In comparison, the world average is 24.70 percent, based on data from 124 countries. Historically, the average for Angola from 1999 to 2019 is 40.22 percent. The minimum value, 27.61 percent, was reached in 2011 while the maximum of 55.98 percent was recorded in 2005.
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Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 7.23 | 2022 | percent |
| Government spending, in dollars | 5.39 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.40 | 2023 | percent |
| Government debt | 64.84 | 2022 | percent |
| Tax revenue | 10.09 | 2019 | percent |
| Commercial tax rate | 49.10 | 2019 | percent |
| Tax preparation time | 287 | 2019 | hours |
| Number of taxes | 31 | 2019 | taxes |
| Taxes on goods and services | 5.45 | 2019 | percent |
| Taxes on international trade | 2.87 | 2019 | percent |
| Income and profits taxes | 34.76 | 2019 | percent |
| Foreign aid | 231.73 | 2021 | million U.S. dollars |