Angola delays VAT launch to Jul 2019
Angola has delayed the introduction of VAT until 1 July 2019.
VAT was to be introduced on 1 January 2019, replacing the exiting consumption tax of 10%. The latter was a non-deductible tax charged throughout the production chain, resulting in a compounding of the tax levy and discouraging internal manufacturing development.
The delay is due the readiness of the new e-invoice clearing system.
The new VAT will be introduced at 14%, with nil rating on foodstuffs and other essentials.
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