Angolan taxpayers who have tax debts of over 5 million kwanzas (US$51,000) will be publically named, under the terms of the Tax Execution Code, approved Thursday by the Angolan parliament.
The Code, which was approved by a majority vote, gives taxpayers five days to make a statement about their tax situation, according to Portuguese news agency Lusa.
“The decision to publish (the names) is communicated to the taxpayer who can then appeal it (…) within 10 days,” the law says.
The Tax Execution Code that has been approved overrides a previous “simplified” tax execution scheme that included a tax debt minimum of 100,000 kwanzas (US$1,020) for names to be published.
Approval of the law is part of a tax reform project aimed at adapting the taxation system to the country’s new economic and social circumstances.
The Tax Execution Code is part of set of taxation laws along with the laws on the General Tax Code, the Tax Process Code, the Industrial Tax Code and the Income Tax Code. (macauhub/AO)