Angola delays VAT launch to Jul 2019
- Oct 6, 2018 | Richard Asquith
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.