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Tue, 14 Aug 2018 15:21 - Updated Tue, 14 Aug 2018 15:21

Entrepreneurs concerned about implementation of VAT

Sumbe - Coastal Cuanza Sul province’s based entrepreneurs have voiced concern about demands involved in the implementation of the Value Added Tax (VAT) in Angola by 2019.

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Speaking to Angop on the VAT, the businessman Edgar Setas said the move will help increase state tax revenues, combat tax fraud and evasion, as well as provide greater tax justice.

But the businessman argued that the implementation of the VAT will demand companies’ organised and computerised accounts.

Another businessman, Romeu Frederico, said  that most entrepreneurs don't have their accounts organised or computerised.

He adding that the Ministry of Finance should take caution toward implementing this programme.

While, António Rebelo defended the need to intensify awareness on the implementation of the VAT in the country.

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