Luanda – The Economic Commission of the Council of Ministers Tuesday in Luanda assessed a draft law amending the Industrial Tax Code, regarding the industrial tax rate on incidental services provided by non-residents to entities residing in Angola.
According to the proposal, considered in a session led by the President of the Republic, João Lourenço, the tax will rise from 15% to 6.5%, with a view to stimulating Gross Domestic Product (GDP), promotion of private investment with legal security and fiscal stability.
In the 4th ordinary meeting of the auxiliary organ of the President of the Republic, the Legal Regime of Social Protection of Workers with suspended or terminated contract was also approved, a contributive regime of optional nature.
The law aims to extend the personal coverage of Mandatory Social Protection to people who no longer meet the conditions to be covered by one of the mandatory social protection regimes, namely Angolan citizens in a situation of inactivity or residing abroad and also Angolan workers in a situation of international mobility.
In the area of the economy, the Economic Commission assessed the performance of macroeconomic variables in the first quarter of the current year, and found that the macroeconomic stability that the country is experiencing has allowed for the gradual recovery of national economic activity.
Source: Angola Press News Agency