Angola Tax Agency Announces Installment Option for VAT Payments

The Angolan General Tax Administration Aug. 18 announced a new option for paying VAT in installments. The announcement explains that: 1) the option allows the value of a VAT settlement note to be split automatically in up to five installments without changing the payment date; 2) the option is enabled when submitting a periodic declaration if the resulting VAT amount payable is at least 3 million Angolan kwanzas (US$7,002); 3) installments can be paid by different banks; and 4) any interest or penalties must be split equally among the installments. [Angola, General Tax Administration, 08/18/22]

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