Angola: National Assembly Approves Property Tax

Luanda — The National Assembly (AN) passed last Friday, in general terms, the bills that approve the Property Code and the Motor Vehicles Tax Code.

The bill that passes the Property Tax Code was approved with 175 votes in favour, no votes against and seven abstentions, while the Motor Vehicles Tax Code was approved with 162 votes in favour, no votes against and seven abstentions. When presenting the bill that approves the Property Tax Code, the minister of Finance, Vera Daves, said it is time to make a deeper adjustment, adapting the diploma to the country's social and economic reality. To the minister, the moment of the process that is being carried out, that is, the administrative decentralization process is to culminate in the implementation of the local (municipal) governments, also demands such exercise. According to the minister, this tax will constitute one of the main sources of financing for future municipal administrations, based on Law No. 13/20 (Law on Financing of Local Governments).

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