Angola Tax Agency Revises VAT Code, Introduces Measures to Benefit Taxpayers

• Angola Tax Agency announced revision of VAT code
• Measures include reducing VAT rate to 5% for certain items
• Stamp Duty reduced to 1% for certain taxpayers
• 12 month deferral on VAT payments for specified materials
• Right to deduct period extended to 12 months
• Exclusion Regime threshold increased
• Deduction rate for VAT input increased to 10%

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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