Angola

{"ftc_utility":"high","fbar_trigger_notes":"US expats working in Angola will typically hold local Kwanza (AOA) bank accounts with Angolan banks such as BAI, BFA, or BIC. Any account exceeding $10,000 USD equivalent at any point in the year triggers FBAR filing on FinCEN Form 114. Angola does not participate in CRS reporting to the IRS but FBAR obligations remain a US-side requirement.","ftc_utility_reason":"Angola taxes employment income at progressive rates up to 25% under Work Tax, which creates real foreign tax credits available to offset US tax liability. FTC is generally more beneficial than FEIE for higher-earning expats given the substantial Angolan income tax burden. Oil sector workers in particular face significant Angolan tax obligations.","presence_day_count_notes":"Angola requires work permits and residence visas for foreign workers. Short-term business visas are limited to 30-60 days and do not establish legal residence. The 330-day physical presence test is achievable for US expats on valid work permits, but irregular visa status could complicate IRS proof of presence. Entry and exit stamps are used to document days in-country.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":36000,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Angola tax residents is subject to Work Tax at progressive rates up to 25% if classified as employment-related income, or IAC at 10% if classified as investment/capital income. No treaty reduces this liability for US persons.","tax_rate":0.25,"locally_taxed":true},"social_security":{"notes":"No US-Angola totalization or income tax treaty exists. US Social Security benefits received by Angola residents are not expressly taxed by Angola. In practice, such payments are treated as foreign pension-type receipts and are rarely assessed by Angolan tax authorities, but no formal exemption exists in statute.","locally_taxed":false,"treaty_protection":false},"roth_distributions":{"notes":"No specific Angolan provision addresses Roth IRA distributions. As qualified Roth distributions are not taxable in the US and represent a return of after-tax capital, Angola would likely not tax these unless local authorities classify them as income. No treaty exists to clarify treatment. Practical enforcement is limited for foreign-source distributions.","locally_taxed":false},"us_401k_ira_distributions":{"notes":"Angola has no income tax treaty with the United States. Distributions from US 401k or IRA accounts received by Angola tax residents would be treated as foreign-source income and potentially subject to Work Tax (Imposto sobre o Trabalho) at progressive rates up to 25% if deemed employment-related, or IAC if treated as investment income at 10%. Treaty protection is unavailable.","tax_rate":0.25,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.1,"notes":"Capital gains in Angola are generally subject to Investment Income Tax (Imposto sobre a Aplicacao de Capitais - IAC) at 10%. Gains from securities and certain asset disposals may be taxed separately from ordinary employment income.","details":{"tax_type":"Capital Gains Tax","country_name":"Angola","country_iso_code":"AGO","source_references":["PwC Worldwide Tax Summaries - Angola","Angola General Tax Code"],"last_verified_date":"2026-06-03","general_description":"Angola does not have a standalone capital gains tax. Gains from capital assets are generally captured under the Investment Income Tax (IAC) framework at a flat 10% withholding rate. Gains from the disposal of real property may be subject to Property Transfer Tax (Sisa) at 2%. Corporate gains are taxed under Industrial Tax at the standard 25% rate.","corporate_capital_gains":{"rate":0.25,"tax_treatment":"Taxed as ordinary business income under Industrial Tax at the standard 25% corporate rate."},"individual_capital_gains":{"rate":0.1,"tax_treatment":"Investment-type gains taxed under IAC at 10% flat withholding. Real property transfers subject to 2% Sisa. No separate progressive CGT regime for individuals."}}}

{"notes":"Dividends paid by Angolan companies are subject to Investment Income Tax (IAC) at 10% withholding. This applies to both resident and non-resident recipients. Angola has limited double tax treaties, so treaty reductions are not available to most US recipients.","rates":[{"rate":0.1,"type":"withholding","notes":"Standard IAC withholding on dividends paid to individuals and non-residents, including US persons."}]}