Non-oil tax revenue in Angola posts growth of 14 pct since 2010

30 September 2014

Non-oil tax revenues in Angola since the launch in 2010 of the Executive Tax Reform Project (PERT), have recorded compound annual growth of 14 percent, the secretary of State for Finance, Valentina Filipe said in Luanda Monday.

The Secretary of State also said that as part of the ongoing reform various actions are being carried out, such as drafting a proposal for structural reform of the tax system, including a review of the critical areas of taxation on income, consumption and wealth, the challenge of which is to increase non-oil revenues.

Under PERT actions have been carried out, whose impact is already being felt on many levels, for expansion of the tax base, in the sense that revenue growth will be achieved by reducing the individual tax burden, said Valentina Filipe at the opening session of a meeting entitled “The role of tax reform in reducing economic informality in Angola.”

Filipe stressed that simplification, fairness, equity and fiscal competitiveness of the Angolan tax system was intended to fulfil one of the government’s general guidelines for tax reform, which is a requirement to consult civil society.

“Improvement of working conditions and procedures used in tax offices, nationwide and enhanced communication with civil society and support to taxpayers are important challenges,” she said. (macauhub/AO)