Owners to Be Clarified On Real Estate Tax

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    Angola Press Agency (Luanda)

    28 June 2011


    Luanda — Experts of the National Tax Department (DNI) will as from this month start paying visits to some main properties in Luanda, so as to learn about their needs and thus clarify them on the new regulation about real estate tax.

    According to a press note, which reached to Angop on Tuesday in Luanda, property owners will also be clarified on the functioning of the new deduction regime at the source.

    The document also highlights as the new regime, the reduction of fiscal charge on deduction and procurement of real estate incomes, as well as the introduction of liquidation through the deduction at the source in case of rented property.

    According to the document, these innovations will contribute to create a fairer fiscal system and a more efficient fiscal administration, having into account the best international practices.

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