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Angola delays VAT launch to Jul 2019

  • VAT
  • 08 October 2018 | Richard Asquith

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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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.