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Mon, 27 Jan 2020 13:27 - Updated Mon, 27 Jan 2020 13:27

Endiama to hold accountable in justice tax-evading diamond firms

Dundo - Diamond exploration companies that continue to dodge the payment of taxes will be held accountable criminally, the CEO of the state-owned National Diamonds Firm (Endiama), Ganga Júnior, said on Saturday in the north-eastern Luanda Norte Province.

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CEO of Endiama, Ganga Júnior

Photo: Rosario dos Santos

Ganga Júnior, who was coy on names and figures, said there are diamond companies that have not paid taxes for ten years.

He also explained that companies not carrying out law-based environmental restoration programmes will also be held accountable criminally or undergo financial penalties.

Companies that do not regularize their situation may lose their diamond exploitation rights, Ganga Junior said, urging managers to collaborate with the state, at a time when the government's commitment is to expand sources of revenue collection to diversify the economy.

An awareness and negotiation process to define tax payment regularization is currently underway in the country.

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