Luanda – The Cabinet Council approved this Thursday, in Luanda, the reduction of the Value Added Tax (VAT) rate from 14% to 7%, for a set of essential goods of wide consumption, with a view to increasing the purchasing power of families.
According to the press release issued after the meeting, chaired by President João Lourenço, with a view to increasing the supply of essential goods for ample consumption and respective production factors, the Executive reduced the VAT rate for fresh and frozen pork meat, cattle, goats, sheep and their offal; frozen and dried fish and chicken leg.
The measure, in force during 2022, covers condensed and powdered milk; margarine, egg and beans; sweet potatoes and reindeer potatoes; cassava and yam; onion and garlic; rice, corn, wheat grain, millet grain and soy; sugar, salt, corn flour, cornmeal and wheat flour; meat sausages, bread, cooking oil, mineral and table water, as well as soap.
The list also extends to production factors such as small and medium-sized boats and fishing gear; agricultural and industrial machinery and equipment, as well as agricultural inputs.
