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Mon, 17 Jun 2019 11:44 - Updated Mon, 17 Jun 2019 11:44

Industrial Association of Angola against VAT in education and health

Luanda - The head of the Industrial Association of Angola (AIA), José Severino, advised against the implementation of the Value Added Tax (VAT) in education and health sectors.

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Industrial Association against VAT in education and health

Photo: Pedro Parente

With entrance into force of the VAT the State expects to extend its basis of taxation and to raise tax revenues.

VAT, which was approved last February by the National Assembly, revokes the previous Consumption Tax (IC), due to the double taxation it presented.

Speaking to the private television broadcaster “TV Zimbo”, following a meeting with government and business associations, the head of AIA, José Severino, said that the VAT application in education and health would be harmful for parents and patients.

However, added José Severino, besides this handicap to be faced in these sectors, AIA also recommended the government to postpone the enforcement of the VAT from the slated July 1to January 2020, taking into account that some technical, logistical and administrative conditions have not yet been created.

Tags Finances  

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