Reporting income tax in Angola: Evidence from banking institutions

This research provides an insight into income tax reporting in Angola, based
on hand collected data from the annual reports of banks. Empirical studies
of Angolan companies are scarce, in part due to limited access to data. The
results show that income tax reporting has improved over the years 2010-2013,
becoming more reliable and understandable. Angolan banks are boosting the
economic growth through tax benefits in investment in public debt, which
cause a reduction in the effective tax rate. The new income tax law was expected
to reduce the statutory tax rate from 2015 onwards and changed the taxable
income, resulting in shifting the focus to promoting private investment.