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Angola Tax year end checklist

Created on  | Last modified on  Highlight Matches

Summary

Angola tax year end

Description

GENERAL INFORMATION


Tax-year:

1 January to 31 December

What must be submitted:

Annual IRT Report

Who must submit

All employers

Submission date:

28 February

Angola Ministry of Finance

www.minfin.gv.ao


Resolution


STEP


ACTION


  1.  

Latest Release:

  • Make sure you are on the latest release.
  • Make sure you have imported the Generic Tax file.

  1.  

Tax Year End Folder:

  • Create a Tax Year End 202x folder to save all applicable backups, reports and files to for reference and record purposes.

  1.  

Backup:

  • Backup Tax Year End data for 202x before any changes are made:
    • Make a database backup (record the release number, data and file type, e.g. Dec202x_Before20_x_x_x.bak)

  1.  

Company Basic Information:

Ensure the following information is correct:

  • Company Basic Information
  • Registered/Trading Name of the company (company name that must print on the Tax Certificates)
  • Physical address of the company
  • Postal address of the company
  • Company Tax Identification Number.


  1.  

Earning Definitions:

  • Verify Definition Type
  • Verify Tax Type
  • Verify Taxability Calculation Type
  • Verify Tax Percentage



  1.  

Deduction Definitions:

  • Verify Definition Type
  • Verify Tax Type
  • Verify Taxability Calculation Type
  • Verify Tax Percentage


  1.  

Company Contribution Definitions:

  • Verify Definition Type
  • Verify Tax Type
  • Verify Taxability Calculation Type
  • Verify Tax Percentage


  1.  

Fringe Benefit Definitions:

  • Verify Definition Type
  • Verify Tax Type
  • Verify Taxability Calculation Type
  • Verify Tax Percentage


  1.  

Provision Definitions:

  • Verify Definition Type
  • Verify Tax Type
  • Verify Taxability Calculation Type
  • Verify Tax Percentage


  1.  

Employee Information:

Personal Details:

  • Surname (no punctuation allowed)
  • First two names (no punctuation allowed)
  • Initials (no punctuation/spaces allowed)
  • Identity Number/Passport Number and Passport Country
  • Date of birth
  • Job Title
  • Tax Start Date & Tax End Date
  • Tax Status

Address Details:

  • Residential Address
  • Postal Address
  • Work Address


  1.  

Payslip Line Basic Report for PAYE, Additional Tax and Pension Fund lines:

  • Print the Payslip Line Basic Report for PAYE, Additional Tax and Pension Fund – there should not be any negative YTD+ amounts on these lines


  1.  

Annual IRT Report

  • Print the Annual IRT Report
  • Expand     Reports,
  • Expand     Country Specific Reports,
  • Select        ANGIRTAC-Annual IRT Report

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  1.  

Reconciliation:

  • Reconcile the tax paid over to the Commissioner
  • Use the 12 Month report and Monthly IRT Report


  1.  

Determine Differences

  • Search for differences if tax does not balance – print detailed 12 Month report and compare with payslips for the individual months.
  • Do YTD+ adjustments on Sage 300 People if needed; client must pay difference to the Commissioner in case of short payment; client must provide Commissioner with reason in case of overpayment.


  1.  

Reprint ANGIRTAC-Annual IRT Report

  • Re-print the ANGIRTAC report in order to submit to the commissioner.