Thu, 05 Oct 2017 08:57 - Updated Thu, 05 Oct 2017 08:57
AGT reiterates special treatment for Major Taxpayers
Luanda - Major Taxpayers in Angola will continue to deserve special attention from the General Tax Administration (AGT), due to the fact that this sector makes a big contribution to public revenues, representing 76 per cent of the non oil fiscal income of the State.
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Hermenegildo Gaspar, AGT director
Photo: Rosário dos Santos
The information was given last Wednesday by a director of the AGT, Hermenegildo Gaspar, during the Second Methodological Meeting with Major Taxpayers, held under the motto “The role of Taxation in investment”.
Hermenegildo Gaspar admitted that the action of Major Taxpayers is extremely important for the national economy, since it contributes greatly to the increase of production in different sectors, the tax revenue, jobs creation, as well as the attraction of investments and foreign exchanges for the country.
In terms of incentives, he disclosed that Company Tax has been decreased from 35% to 30%, so as to increase competitiveness.
He appealed to the representatives of the various companies attending the meeting to fulfil their fiscal duties, since that is one of the main tools used by the State to foster development.
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Ondjiva - At least 7.44 billion Kwanza were collected from January to July this year by the finance delegation in the southern Cunene province, Angop learnt on Monday from delegate of the institution, César Lucas.