These data were put forward by the director of Value Added Tax (VAT) Services, Wilson Donge, during the Methodological Meeting of Large Taxpayers, held recently in Luanda.
"From the collection point of view, the VAT has registered compliance with the goals that are established at the level of the General State Budget (OGE) for each economic year. We have verified some changes in the rate depending on the economic context in the country, caused by by the pandemic and by the instability of the price of a barrel of oil, which implies some adjustments in fiscal policies".
According to Wilson Donge, the last change - the one implemented in January of next year - will be the reduction of the VAT rate for the hotel and tourism sector, which will guarantee greater treasury comfort for companies operating in this sector.
"As it is mandatory from the point of view of the constitution, any change to the tax must be carried out by law. And the rate reduction will be carried out through the OGE Law, which is being approved by the National Assembly and enters into force in January of 2022, as well as the changes made to the VAT code", he reiterated, in a statement that VerAngola had access to.
The official also said that the reduction is for all operators operating in this sector, as long as they comply with the formalities that the OGE Law determines regarding the reduction of VAT.
"It will bring some formalities that players in this sector must observe in order to apply the minimum rate, which means that they will have to prove to the General Tax Administration that they comply and only then will they be able to start practicing the rate as soon as the law is in force" .
Asked about the constraints that the reduction of rates on revenue can cause, Wilson Donge said that it will reduce revenue to some extent, but may bring about a broadening of the tax base, which will counteract this rate reduction.
As for the prospects for 2022, the director recalled that they are those provided for in the OGE Law for VAT, the rest AGT is working to materialize changes and possible improvements that may be implemented in the coming years.
AGT has already reimbursed around 30 billion kwanzas to taxpayers
Since the entry into force of the IVA, the General Tax Administration (AGT) has already reimbursed more than 30 billion kwanzas to taxpayers who requested reimbursement and complied with all the requirements and formalities established by law.
