ANGOLA’S NON-OIL REVENUE RISES 18 PCT IN 2018

LUANDA– Angola’s non-oil revenues reached 898 billion Kwanza (about 3.05 billion USD) in the first half of this year, an increase of 18 per cent compared with the same period of 2017, mainly as a result of the adoption of information technology (IT) in the tax system launched in recent years.

With the introduction of the new technologies in 2014, a total of 7,124 industrial tax declarations were submitted, while in the period ranging from January to August this year the number of declarations stood at 26,869, says the chief executive officer of the General Tax Administration Council (AGT), Silvio Franco Burity.

The AGT official released the statistics at the opening ceremony of the International Conference on Tax Information Technologies here Thursday.

The event brings together local and foreign experts, including those from African tax administrations and from the planning and co-ordination services of the Tax and Customs Inspectorate of Portugal.

Burity said that in view of the challenges faced, the AGT intends to increasingly get connected to the digital world and, in the future, to evolve into a more electronic tax administration, where the submission of declarations, tax consultations, notifications, registration updates, requests for certificates and settlement of taxes is done online.

Source: NAM NEWS NETWORK