ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Mon, 28 Oct 2019 18:04 - Updated Mon, 28 Oct 2019 18:04

Tax revenues drop 46% in third quarter

Ndalatando - Tax revenues in Kwanza Norte province declined from July to September this year from 3.3 billion (AKz) to 1.4 billion, down 1.8 billion 46%) compared to the previous quarter.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

The low tax collection, according to data from the provincial finance delegation to which Angop had access this Monday, was due to the current difficult context of the national economy that has been negatively influencing taxpayer activity, associated with the extinction of the national beer consumption tax, previously paid by brewer EKA - the largest contributor of the province.

Among the nature of the revenues collected, the source highlights the income tax on labor account with a balance of 444 million 781 kwanzas (corresponding to 42.5 percent), excise tax with 285 million (27 per cent), along with the tax on profits from economic activity with 294 million kwanzas (19.6 per cent).

Read also
  • 28/10/2019 17:04:38

    AIPEX invests in export diversification

    Luanda - The Agency for Private Investment and Export Promotion (AIPEX) wants to make exports from non-oil producers more regular as a way of contributing to the diversification of the economy, said its chairman, Licínio Vaz Contreiras.

  • 28/10/2019 12:09:13

    Huila: State Secretary backs alignment of mining potential

    Lubango - The country’s mining potential should be in the line with good exploration practices and willingness to develop latent in the various actors of the ornamental stone subsector, with a view to ensuring progressive growth of the sector in Angola, said Friday in Lubango, southern Huila province, the Secretary of State for Geology and Mines, Jânio Victor.

  • 28/10/2019 12:00:10

    Forum recommends strengthening cooperation to enhance dimension stones

    Lubango - The strengthening of institutional cooperation mechanisms, especially between academy, the Geological Institute of Angola, business associations and similar international institutions, with a view to establishing partnerships and improving the exploitation of the potential of dimension stones, was one of the recommendations made by the International Conference and Exhibition about this material, which took place in the southern Huila Province.