23 November 2012

Angola: Finance Ministry Invests in Entrepreneurship to Reform Tax Sector

Luanda — The Angolan Finance minister, Carlos Lopes, Friday in Luanda said the country's business people are in a position to make a multifaceted contribution to the reforms of taxes on revenues, as part of the Executive Reform for Tax reform (PERT).

According jto the minister who was addressing a session of consultation on the reform of taxes on revenues, the minister said the country's businesspeople are in a position to make a contribution to the process as they interact with the productive market with all economic agents.

In a first dimension, Carlos Lopes said, the business class also interacts with the workers and their unions, thus defining the salary cash flow that comprises the bulk of the Gross Domestic Product.

He said that the business class also interacts with financial institutions, by getting loans, which leads them into incurring financial costs deductible in the calculation of their taxable profits.

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