imageAngola | Law No. 7/19, of 24 April 2019

Value Added Tax Code

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Law No. 7/19, of 24 April 2019 The ongoing tax reform in the country, the current socioeconomic context in Angola and the studied international experiences all point to the adoption of a tax, without cascading effects, adequate for the local conditions and at the same time simple and modern enough to deal with the global economy, charged by the tax credit method and having a single tax rate and a small number of exemptions, based on the best tax practices. VAT stands out as an indirect, multi-phase tax with a wide incidence which broadly encompasses the transfer of goods for consideration, the provision of services for consideration and the imports, covering points of production, distribution, and sale. Considering that the implementation of the VAT in Angola will allow for the widening of the tax base, the attraction of investment, the elimination of double taxation in Consumption Tax and the fight against tax evasion and fraud, as well as the gradual framing of the informal economy;