Revenue from the sale of diamonds in Angola grows 8.8 pct in January/February

23 April 2015

Tax revenue collected by the Angolan state from the sale of diamonds in January and February amounted to US$14.5 million, a year-on-year increase of 8.8 percent from both industrial tax and “royalties,” according to the Angolan General Tax Administration.

In the first two months of the year, Angola sold more than 1.4 million carats of diamonds that generated revenue of US$195.7 million, which represents a 3.5 percent increase over the same period of 2014.

In 2014, Angola earned about US$91.1 million in sales taxes on a total of 8.6 million carats, sold for US$1.274 billion. (macauhub/AO)