201906.27
0
0

VAT: Postponing of date of entering into force

VAT: Postponing of date of entering into force

Contrary to the provision of article 3 of Law no. 7/19, April 24, Value Added Tax will no longer enter into force in Angola in the upcoming July 1st.

According to the information circulating in the Angolan press in the previous week, VAT will only enter into force in October 2019.

Having consulted the General Tax Administration, there is still no official document stating this change, which generates uncertainty on which exact date will this tax be applicable.

We remind that VAT should enter into force and become mandatory on July 1, for all taxable persons registered in the Major Taxpayers Office, as well as to all imports of goods. The remaining taxable persons were entitled to chose whether they wanted VT to be applicable to them, until January 1, 2021, date in which VAT would be mandatory to all taxable persons.

We will inform once there is an official position by the competent authorities on this regard.