The Angolan Value Added Tax came into force at the beginning of October of this year, which results, among other reasons, from a set of charges made by the International Monetary Fund, as is well known. The current economic state of the country is still very fragile since the last oil crisis faced around the world. Thus, the growing need for diversification of sources of state wealth has materialized in the government's bet on tax collection.
From January 2020 onwards, the people who made the air bridge between Luanda and Lisbon for more than 40 years who registered in Portugal as Portuguese and who for various reasons failed to obtain the Angolan ID card will now be able to do so.
Angola has signed with Portugal its second Convention to Avoid Double Taxation (the first was with the United Arab Emirates) which will come into force from 2020. A long-awaited measure and an important milestone in the relationship between both countries.
The United Nations has recently dedicated support for building social and economic programs in Angola. In doing so, the UN has presented Angola with $284 million to put toward sustainable advancement and expansion of the country. UN Coordinator, Paolo Balladelli, explains that financing these opportunities for development will hopefully lead to the elimination of issues that the country has faced in the past, while working on other aspects that could still benefit from improvement.