Angola collects over $3.9b in non-oil tax revenues in first six months
Tax collection in this segment is satisfactory, as it aligns with the state budget provisions for 2025, he said during a workshop in Luanda about preventing and detecting tax crimes.
The amount comes mainly from value-added tax and industrial tax, Jose Leiria, chairman of the Board of Directors of the General Tax Administration, was quoted as saying. (File photo)
By Xinhua News Agency
Journalists @New Vision
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Angola yielded a total of 3.6 trillion kwanzas (about 3.9 billion U.S. dollars) in non-oil tax revenues in the first six months of this year, Angola Press Agency reported Monday.
The amount comes mainly from value-added tax and industrial tax, Jose Leiria, chairman of the Board of Directors of the General Tax Administration, was quoted as saying.
Tax collection in this segment is satisfactory, as it aligns with the state budget provisions for 2025, he said during a workshop in Luanda about preventing and detecting tax crimes.
"Regarding non-oil tax revenue, we will continue to work to ensure that we deliver the expected revenue to the public accounts," Leiria said.
He noted that non-oil tax revenues correspond to 10 percent of the gross domestic product and hopes they will reach the necessary 15 percent.
As for oil tax revenue, he said that the scenario is different, citing external factors, specifically the volatility of commodity prices, as a major obstacle to achieving the 2025 state budget forecasts.
He also highlighted tax evasion as another serious concern, noting that Angola loses around 200 billion kwanzas annually through this practice. However, he said that the state has been able to recover these amounts through coercive collection measures.