VAT softwares will be evaluated by AGT

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It is known that next year the Angolan government will introduce in 2019 effectively Value Added Tax (VAT), and will replace the Consumption Tax. “The implementation of VAT results from a set of short-term actions, attributed to the Ministry of Finance, resulting from the alignment with the National Development Plan 2018 / 2022.For it is, and the software to be used by economic agents to implement the Tax Value Added (VAT) will be validated by the General Administration Tax (AGT), advanced information during the VAT Clarification Workshop.

Second Adilson Sequeira (VAT Coordinator in Angola), it will be the responsibility of the General Tax Administration to validate the extinguished accounting elements within the scope of the legal regime of invoices for electronic communication of data at the level of invoice files and the acquisition of goods and services from computer systems of contributors to the Integrated Tax Financial Management System.

O even advanced that, before July 2019, because it depends on the approval of the Diploma of Electronic Submission that will allow the crossing of information between the taxpayer data with the integrated tax management system to be made by the holder of the Executive Power by presidential decree . After approval, software producers must communicate to AGT for the validation of software data, because AGT will work with producers, who in turn will update the systems they sell. Among the requirements to have the software validated, the Diploma provides that you are the owner or representatives of the Software “because there are national producers and there are also consumers of systems certified by other countries, whose producers are not in Angola, in these cases, they must necessarily live in Angola for validation”. On the other hand, the official points out as main challenges for the implementation of VAT in Angola, computer issues, because VAT will require companies to use computer systems for issuing invoices and also require companies to make this communication of their files, either invoicing, or the acquisition of goods and services from its system to the AGT system.

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