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Industrial tax payment deadlines extended

Tue, 14 Apr 2020 17:42 - Updated Tue, 14 Apr 2020 17:41

Luanda - The Angolan Government, under the Presidential Decree, approved the extension up to 29th May and 30th June, this year, the deadline for the final settlement of the declarative obligations of the industrial tax for companies in groups B and A, respectively.

Under normal conditions, the group B companies would pay industrial tax on 30 April and group A on 31 May.

The measure, already published in the State Gazette, on the 9 April, is part of the decision taken by the Government, in the context of the relief of the economic impact caused by the covid-19 pandemic, on companies, families and the informal and the economic sector.

According to a note from the General Tax Administration (AGT) to which ANGOP had access, the measure also covers the payment of the urban property tax (IPU), which will be paid in four installments, until October still this year.

The document does not mention the payment of the 2019 road Circulation tax, whose voluntary payment term ends this month.

Also in accordance with the measures taken under the Contingency Plan to combat covid-19, the Government exempts from paying Value Added Tax (VAT) and tax rights, the goods imported for humanitarian aid and donations, including the goods produced locally, the monetary fund’s made available for it, which are considered as tax deductible costs in terms of industrial tax.

Meanwhile, the export of nationalized food goods, as well as medicines and medical equipment, including those carried by people living in border areas, is suspended.