According to the General Tax Administration (AGT), up to April of this year, about 1.810 billion kwanzas (AKz) were collected in non-oil revenues, this mark represents an increase of 34% in relation to the same period in which revenue stood at 300 billion kwanzas.
With a start date of July 1, 2019, Value Added Tax is finally implemented in Angola and with a fixed rate of 14% - in line with the values practiced at SADC level ( Southern Africa Development Community - Development Community of Southern Africa), where rates are applied ranging from 12% (Botswana) to 20% (Madagascar).
In December 2018 was published Law 18/18 that approves the Angolan State General Budget for 2019 that foresees a Special Regime for Tax, Customs and Social Security Debt Regularization.
The Angolan State remains committed to change the direction of the country and the image it offers to the international community.
To this end, and in order to become independent of the imports that so penalize the normal development of the economy, the Executive has been attracting foreign investment to bet on the agricultural sector. It is in this area that the Government of the People's Republic of China is willing to invest in the development of the Angolan industrial sector, taking advantage of the country's agricultural potential, developing in one of the provinces an agricultural project in an area of two thousand hectares and through financing of US $ 15 million.