Angola VAT Code Amendments: Expanded exemptions, deferred payments, and extended input claim period

VAT Code in Angola amended on 18 April 2024
Changes include expanding list of supplies subject to reduced VAT rate
Taxpayers with turnover or import transactions up to AOA25 million exempt from VAT
Taxable persons under general VAT regime required to pay stamp duty on receipts at 1%
Deferred payment of VAT for imports or transfer of industrial materials for new manufacturers
Right to claim VAT inputs extended from 2 to 12 months
Exemption from VAT on interest on arrears for late payment of bank loans and building maintenance fees
Taxpayers under simplified VAT regime can apply for special 7% VAT rate and deduct 10% of VAT input

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.