Tax Alert • Real Estate Tax – Model 1

The taxable income of real estate leased or partially leased, referred to 2021, is determined through the filling of the annual tax return “Modelo 1” until the end of January 2022.

The annual tax return – named “Modelo 1”, must be delivered by any person or corporations that own a rented property at the Tax Offices where each real estate is located.

The submission of this annual declaration may result in the settlement of the tax, due on the income related to lease and that hasn’t subject to withholding which must be paid until the last business day of March 2022.

We note that, even if the Landlord has not received the rent, he must proceed with the settlement and payment of the property tax, which will be calculated according to the asset value of the property.

The submission of this tax return presumes that the real estate has been previously registered at the corresponding Tax Office.

When the property is not leased the real estate tax is due based on the patrimonial value and must be paid in until the last business day of March 2022, however, upon request of the taxpayer may be paid in 6 instalments.

On.Corporate with experience in the Angolan market expresses its total availability to deliver the model 1 to the respective tax office.