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Recent Legislation

 

Corporate Income Tax - Transfer Pricing File

Accordingly with n.º 6 of article 50 of the Corporate Income Tax (CIT) Code, which defines the Transfer Pricing rules applicable in Angola, it is applicable to all CIT taxpayers all the legislation that not stated in the CIT Code related to transfer pricing. Therefore, all CIT taxpayers that fulfil all the requirements of article 12 of Major Taxpayers Decree, even if they are not listed as such, should, until the end of June, submit a Transfer Pricing file prepared according with the specifications stated in such article, eg all taxpayers with a turnover higher than 7 billion Kwanzas should prepare such file, declaring all the operations performed with related parties in the previous year, and justifying the prices performed as being market ones. We will be pleased to assist on anything necessary in order for you to complete successively this task.