Luanda - National Assembly (AN) will resume discussion in October of the proposal on amendment to the Value Added Tax (VAT) Code from 14 to 7 per cent.
Parliament resumes debate on amendment to VAT by October
Luanda - National Assembly (AN) will resume discussion in October of the proposal on amendment to the Value Added Tax (VAT) Code from 14 to 7 per cent.
The debate held in specialty had been suspended due to the lack of consensus on some aspects of the document.
In order to overcome the impasse, consultations are underway with the political leadership.
In their meeting held on Tuesday, the leaders of Parliamentary Groups decided to cancel the plenary meeting announced for Thursday (31), due to the lack of conditions for the final vote on the Diploma.
Angolan government’s decision to halve the Value Added Tax (VAT) on foodstuffs from 14 to 7% is intended to reduce the cost of living of the citizens.
The National Assembly (AN) is currently on a break - August 15 –October 15). Parliament's effective operating time is 10 months. DC/AL/ADR/DAN/NIC
