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Angolan new consumption and import tax officially implemented on July 1

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According to the information released by the East African Regional Coordinating Committee of the African Portuguese-speaking Countries Legal Database, Angola will introduce a value-added tax (VAT) in accordance with the new tax law that came into force on July 1.



From the New Year's Day of 2021, all other taxpayers not mentioned above are subject to the above VAT requirements.

     For taxpayers who have been included in the new law since the New Year's Day of 2021, the authorities will manage them by interim measures from July 1 to the transition period of the new law. The simple tax system will be applicable in 2019 and 2020.The premise is that their income or import value is equal to or higher than the average income of the micro-enterprises (or €250,000); however, if these taxpayers purchase services from non-national service providers, they must be taxed according to the original total tax system.

     The value-added tax is levied on domestic goods, various domestically provided services, and all imported goods.In addition, books, medicines, real estate leasing, gaming, collective passenger transport, insurance, petroleum products, imported petroleum and gas-related materials and equipment, and goods imported into duty-free zones are exempt from VAT.



It is said that the special consumption tax law applicable to domestically produced and imported petroleum products is 2%; non-aircraft oil and diesel are 5%.

     Legis-PALOP+TL stated that the special consumption tax law applicable to domestically produced and imported petroleum products is 2%, while non-aircraft oil and diesel are 5%.

     At the same time, the new Income Tax Law, which has already entered into force, stipulates that the profits distributed to corporate partners (whether in commercial form or not) and the income earned by members of the board of directors are subject to tax.

     In addition, Adilson Sequeira, head of the new taxation team of the General Administration of Taxation of Angola, said that the State Administration of Taxation has updated the information of 421 large taxpayers.Since July 1, these taxpayers have to pay the newly introduced value added tax (VAT).

     Sequeira pointed out that under the new tax system, the well-known enterprises on the list of “significant taxpayer offices” are required to pay VAT, and that the lack of corporate information will not affect the collection of new taxes.

     Sequeira told Angolan news agency that the above information was updated, including the relevant VAT tax refund bank accounts, other business activities of the company, and information on new management members or company directors.

     VAT is based on the value of goods and services, as well as the value of imported goods, which will replace the current consumption tax, but not like the consumption tax, based on the turnover of the entire consumer's entire sales chain.

     Beginning July 1, the new tax will cover all companies that are listed on the “Major Taxpayers” list, those that voluntarily join the new tax system, and those that are eligible to return goods or services to VAT.

     Angola is the only member of the Southern African Community (SADC) that has not yet implemented VAT; in addition, the new tax will apply a single tax rate of 14%.