10 °c
London
Friday, April 16, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angola raises £146k with VAT implementation

Staff by Staff
February 24, 2020
in Africa, Angola, Economy, Finance, SADC, Tax
Reading Time: 1 min read
0
Angola VAT to enter into force in October
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Ninety three million kwanzas were collected by the General Tax Office (AGT) in the central Province of Huambo, due to the Value Added Tax (VAT) collection in the first three months following its entry into force (October 1, 2019).

The information was provided to Angop last Wednesday by the head of the Tax Office of Huambo, Euclides Dias, noting that the amount resulted from 12 companies authorized to collect VAT on sales invoices, goods imports and provision transactions services.

He made it known that VAT is being charged only by 12 companies, out of the 150 controlled by the Tax Office, for meeting the required requirements, such as invoicing equal to or superior than the equivalent of 250,000 US dollars.

He said that the process of paying the Value Added Tax has been going on since last January for companies that are not yet in the transitional regime for the general, since the amount in question was charged, between October and December 2019.

However, he clarified that taxpayers who adhere to the “general regime” are the only ones who will have the right to deduct the tax they pay in the acquisition of goods and services.

Angola became part of the list of countries of the Southern African Development Community (SADC) since October 1 last year that charge Value Added Tax (VAT), replacing the Consumption Tax, starting with a rate of 14 percent.

Source: Angop

Related

Tags: AGTAngolaConsumption TaxEuclides DiasGeneral Tax OfficeHuambosadcSouthern African Development CommunityValue Added TaxVATанголаأنغولاアンゴラ安哥拉
ScanSendShare322Tweet201Share56Pin72Send
Previous Post

EU removes Cape Verde from its tax haven blacklist

Next Post

Namibia central bank expects economy to grow in 2020 – governor

Staff

Staff

Related Posts

Water

Zimbabwe to export water to South Africa

by Staff
April 16, 2021
Conference Access to Africa coming to Dakar, Senegal
Conference

Conference Access to Africa coming to Dakar, Senegal

by FurtherAfrica
April 16, 2021
Soon, Africa’s largest utility will not own any power lines
Energy

Tanzania rural electrification project continues to make progress

by Staff
April 16, 2021
Economy

Mozambique: ‘Valuation of the metical only useful if reflected on the economy’

by FurtherAfrica
April 16, 2021
East Africa Oil Pipeline construction date still unknown
Pipeline

East Africa Oil Pipeline construction date still unknown

by Taarifa Rwanda
April 16, 2021
Next Post
Namibia reinsurance sector gets positive rating

Namibia central bank expects economy to grow in 2020 - governor

Stanchart's growth projection for EAC economies

London Stock Exchange recognises SA companies as crucial to the future of Africa's economy

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

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

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • 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
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

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?