Luanda — General Tax Administration Departments recorded low participation of taxpayers on Monday, the first day after the extension of the payment of the Tax on Motor Vehicles (IVM).
The voluntary phase of payment of the IVM ended on the 30th of June, as part of a process that lasts six months each year.
The extension period will last eight days, and defaulters will face fine in settling their tax.
The IVM is levied on light and heavy vehicles, motorcycles, mopeds, tricycles and ATV, aircraft and boats.
In recent weeks, the General Tax Administration (AGT) has appealed to taxpayers to pay their fees, to avoid the last day constraint.
According to the technician from the AGT Tax Services Department, Edson Martins, failure to comply with the obligation to pay the IVM implies a fine, at the rate of 25 percent of the tax amount.
Vehicles at standstill or crashed cars are also subject to the IVM, unless the owners request the cancellation of number plate or registration with the competent authorities.
The IVM, which replaces the Tax, extinguished in 2020, which is now paid, voluntarily, in the period from January 1st to June of each year.
The calculation of IVM tariffs is based on engine capacity for motorcycles and light vehicles, gross weight for heavy vehicles, gross tonnage for vessels and maximum authorized take-off weight for aircraft.
As a result, the tariff for motorcycles, mopeds, tricycles and ATV, with a cylinder capacity from 125 cubic centimeters (cc) to 451 cc, varies from 1,850 to 3,050 kwanzas.
According to Law nº 24/20, of 13 June, which approved the IVM and revoked the Circulation Charge, the value of light vehicles from 1,500 cc to 2,401 cc varies between 4,300 and 9,200 kwanzas.
Owners of the heavy vehicle category, weighing up to 10 tons, are required to pay 10,450 kwanzas, while heavy vehicles weighing more than 10 tons are taxed at 15,350 kwanzas.
For vessels, the fees depend on the gross tonnage (total internal volume of the vessel) and range from 250,000 to 5.052 million kwanzas.
According to the IVM Law, for planes with a maximum take-off weight of up to 600 kilograms, the value varies between 500,000 to 5.146 million kwanzas, weighing over 20,000 kilograms.
