The measure was announced on the 14th of July as part of a legislative package that aims to cushion the effects of the sharp devaluation of the kwanza and the rise in the cost of living, as well as stimulus to the economy.
The diploma on VAT also contains amendments relating to the application of the simplified regime to cover exempt operations and eliminate the application of the 7 percent Stamp Duty and the clarification of some exemptions (medical goods, books, etc.)
At the 6th ordinary session of the Council of Ministers, a bill for the creation of a compulsory social protection system for the State's intelligence and security service was also considered.
Another of the diploma proposals that will be sent to the National Assembly concerns the legal regime applicable to the activity of mining cryptocurrencies and other virtual assets.
The Council of Ministers also approved the Long Term Development Strategy – Angola 2050, as well as regulations regarding the licensing of commercial and industrial activity.
Within the framework of foreign policy, an agreement was approved on the Lobito Corridor Transit Transport Facilitation Agency between the governments of Angola, the Democratic Republic of Congo and Zambia.
