Angola

Cryptocurrencies are legal in Angola and are classified as intangible assets, similar to stocks or intellectual property, rather than legal tender. There is no specific regulatory framework for crypto, instead, general tax laws apply. The Central Bank has advised caution regarding cryptocurrency use due to associated risks, but its use is not prohibited. The Administração Geral Tributária (AGT) is the responsible authority for tax administration, and cryptocurrency taxation falls under the general Income Tax Code (Código do Imposto sobre o Rendimento). Individual gains and income derived from cryptocurrencies are generally subject to Angola's progressive personal income tax (PIT) rates, which range from 0% to 17%. However, some sources specifically cite a 10% capital gains tax rate for cryptocurrency gains. When converting crypto to fiat currency, any gain—calculated as the sale price minus the acquisition cost—is a taxable event. There are no reduced tax rates or exemptions for holding cryptocurrencies for a longer period, the holding period does not impact the tax treatment. For corporations, the standard corporate income tax rate of 35% applies to crypto-related earnings. No specific Value Added Tax (VAT) treatment for cryptocurrency has been identified. Specific crypto activities also have tax implications. Income from staking is taxable as ordinary income under the progressive personal income tax rates. Mining rewards are considered business or other income and are therefore taxable, with some contexts indicating a potential 40% rate for mining activities. Activities within Decentralized Finance (DeFi) and gains from Non-Fungible Tokens (NFTs) are taxed as income derived from intangible assets, following general income tax principles. Additionally, exchanging one cryptocurrency for another is considered a taxable event, requiring the calculation of any gains incurred.