Angola: Tax Bill Risks Turning Every Citizen Into a Suspect

Reading some of Angola’s recent legislation can leave one wondering whether the problem lies with the reader, the drafter or a lawmaker legislating for a country that exists only on paper.

Article 45(2) of the proposed Personal Income Tax Code, known by its Portuguese acronym IRPS, states:

“Financial institutions must also submit to the Tax Administration, by January 31 and through the electronic transmission of data, information concerning receipts credited to clients during the previous…