12 °c
London
Monday, January 30, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angola Tax Administration collects over Akz 2.1 trillion

FurtherAfrica by FurtherAfrica
October 17, 2017
in Africa, Angola, Banking, Commodities, Economy, Finance, Legislation, Tax
Reading Time: 1 min read
1.1k 81
0
Understanding: Opening and Operating Deposit Accounts Held by Non-Residents in Angola

(Photo: Vandre Spellmeier)

Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The General Tax Administration (AGT) has collected Akz 2.1 trillion of taxes from September 2016 to September this year (Usd 1 is Akz 166).

The information was released by AGT official, Ngouabi Mariano Salvador, who added that of the amount above, 55% came from the oil sector, while the other sectors of the economy responded for the remainder 45%.

According to the source, in comparison with the previous period, the above mentioned amount shows a rise of 41,4%, as the oil revenue recorded a growth of 115% and the non-oil one showed a drop of 0,54%.

Speaking at a lecture on the Angolan Tax System for journalists, as part of a programme taking place from 9-20 October in Luanda,  Ngouabi Salvador said in September this year the tax collected amounted to Akz 123.5 billion.

Of that amount, the source explained, 36.3 billion (29,4%) came from the oil sector and Akz 87.2 billion (70,6%) from the non-oil sector.

This, he added, shows a drop in oil revenues of 83% as compared with the preceding month, while the contribution of other sectors  indicate a drop of 35%.

The source further stated that in September 2016, there was a drop of 43% in the oil revenue and 17% in the non-oil sector.

Ngouabi Salvador said the implementation of the Tax Reform Programme (PERT) from 2010 to 2015 has had an extraordinary impact on various sectors.

He added that PERT has increased the tax revenue from the oil sector to 132%, corresponding to an accumulated amount of Akz 1.3 billion, coupled with the rise in the contribution of the non-oil sector amounting to 52%.

Source: Angop

Related

Tags: AGTAngolaAngola General Tax AdministrationAngolan Tax SystemLuandaNgouabi Mariano SalvadoroilPERTTax Reform Programmeアンゴラ安哥拉
ScanSendShare464Tweet290Share81Pin104Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Energy

Italy’s Eni signs US$8B gas deal with Libya

by FurtherAfrica
January 30, 2023
Climate

Green energy transition must be sensible pragmatic and rational – Afreximbank’s Rene Awambeng

by Emmanuel Chilamphuma
January 30, 2023
Energy

Invictus updates on Cabora Bassa Basin operations in Zimbabwe

by Energy Capital & Power
January 30, 2023
Africa Data Centres investing US$500M for the development of 10 data centers across Africa
Tech

Raxio to launch data center in Angola early 2024

by Energy Capital & Power
January 30, 2023
Agriculture

IFAD and AfDB on a mission to boost agricultural productivity in Africa

by Farmers Review Africa
January 30, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Energy

Italy’s Eni signs US$8B gas deal with Libya

by FurtherAfrica
January 30, 2023
0

Italian energy company Eni (ENI.MI) and Libya's National Oil Corporation (NOC) have signed an $8 billion gas production deal, Eni's...

Read more

Green energy transition must be sensible pragmatic and rational – Afreximbank’s Rene Awambeng

January 30, 2023

Invictus updates on Cabora Bassa Basin operations in Zimbabwe

January 30, 2023
Africa Data Centres investing US$500M for the development of 10 data centers across Africa

Raxio to launch data center in Angola early 2024

January 30, 2023

IFAD and AfDB on a mission to boost agricultural productivity in Africa

January 30, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,623 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?