Angola to sign double taxation agreements with CPLP and SADC countries

21 January 2014

The Angolan government plans to sign double taxation agreements with countries with which it has special economic or political relations, as part of reforms underway in the tax and public finance sector, Angolan news agency Angop reported.

The countries include members of the Community of Portuguese-speaking Countries (CPLP) and Southern African Development Community (SADC), the news agency said.

The government also plans to sign cooperation agreements with international institutions and organisations in order to reduce double taxation by exchanging information to fight fraud and organised tax and customs crime.

These activities are included in the National Development Plan for the 2013/17 period, which sets out reviewing and perfecting the simplified taxation systems for family-based and micro, small and medium-sized enterprises as a fundamental aspect for reform the tax system as a whole.

Angop said that, with these activities, the Angolan government planned to create a fair, simple, efficient and effective tax system. (macauhub)