Angop - Agência de Notícias Angola Press

Non-oil revenue increases 34% in three months

Wed, 15 May 2019 12:46 - Economy

Luanda - The General Tax Administration (AGT) yielded 1.8 billion kwanzas during the first trimester this year, recording a 34 percent increase in relation to the same period in 2018.

  • Silvio Burity, C.E.O of the General Tax Administration (AGT)

The non-oil revenue in the first trimester of this year was yielded through the collection of several taxes.

The data was disclosed on Tuesday, in Luanda, by the AGT CEO, Sílvio Burity, during the opening of a seminar of the Accountant Experts Order of Angola, held under the motto “Value Added-Tax (VAT) – its entrance into force”

According to the AGT official, the institution currently controls 48 tax offices, 79 land border and 36 customs delegations all over the country.

In Angola, a tax reform system is underway for the implementation of amendments in the fiscal legislation, rehabilitation of infrastructures and implementation of new taxes (VAT) in particular, expected to be applied in the consumption of goods, services and exports.