Angola allows tax payments in foreign currency to cope with FX shortages
Published on: Thursday 25 May 2017
Tax payments in Angola can now be paid in foreign currency under the amended general tax law approved by lawmakers in a move to cope with a foreign currency shortage that has led to a flourishing black market. "The tax payers can pay their taxes in foreign currency voluntarily or the Angolan tax authority must deduct the taxes in foreign currencies in cases in which more than 60 percent of the total revenue of the taxpayer is made in foreign exchange," Finance Minister Archer Mangueira told reporters.
