12 °c
London
Sunday, June 26, 2022
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 VAT exemption for basic products taxed at 5 percent

FurtherAfrica by FurtherAfrica
August 30, 2020
in Africa, Angola, Legislation, Tax
Reading Time: 1 min read
900 9
0
Angola VAT to enter into force in October
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Basic food products previously exempted from duties in the light of Valued Added Tax (VAT) will start to be taxed.

The change is part of the law that approves the revision of the General State Budget (OGE) 2020.

The basic basket consists of products such as beans, rice, wheat flour, corn flour, non-concentrated milk, powered milk, edible oil, cane sugar and soap.

The essential goods had been exempted from paying VAT under Law No. 7/19 of 24 April, known as the Value Added Tax Code Law.

In view of the economic effects amid covid-19 pandemic, the publication of 11 August Law scraps this exemption and sets a five percent VAT rate for the sale of the above products, the director of VAT services of the General Tax Administration (AGT), Wilson Donge, has told Angop.

Source: Angop

Related

Tags: AGTAngolaAngola VAT exemption for basic products taxed at 5 percentAutoridade TributariaGeneral tax AdministrationValue Added Tax Code LawVATанголаأنغولاアンゴラ安哥拉
ScanSendShare364Tweet227Share64Pin82Send
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

Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
Economy

Zimbabwe plans triple-digit interest rate hike to tame inflation

by FurtherAfrica
June 26, 2022
Economy

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

by FurtherAfrica
June 26, 2022
Travel

9 fun places in Nigeria for a perfect family takeout

by See Africa Today
June 26, 2022
Spotify takes big dive into Africa
Music

Spotify and COLORS collaborate to promote Nigeria musical talent

by BOTSWANA UNPLUGGED
June 26, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
0

Direct flights between Luanda and Madrid, operated by the Angolan airline TAAG, start Monday (27), representing an added value for...

Read more

Zimbabwe plans triple-digit interest rate hike to tame inflation

June 26, 2022

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

June 26, 2022

9 fun places in Nigeria for a perfect family takeout

June 26, 2022
Spotify takes big dive into Africa

Spotify and COLORS collaborate to promote Nigeria musical talent

June 26, 2022

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
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

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

Join 73,051 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?