Angola's Ministry of Finance has launched a public consultation on draft legislation for the introduction of the new value added tax (VAT) regime that is intended to replace the current consumption tax regime from 2019. Key points include:
- The VAT regime will be mandatory from 1 January 2019 for taxpayers register with the large taxpayers office and will be voluntary for other taxpayers during a transition period of two years, although taxpayers whose annual income meets or exceeds the AOA…