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Angola: New Tax Regime to Be Instituted

(Sept. 8, 2010) During a news conference on Friday, September 4, 2010, the Angolan Minister of State, Carlos Feijo, was quoted as saying that the government will soon revise the country's tax regime. According to Feijo, the revised tax regime aims to improve tax collection, increase tax revenues, and address complaints of government officials that the country lacks the tools necessary to guarantee the proper collection of taxes. Feijo also indicated that a private consultant company has been hired to help advise the government on how to improve the fiscal sector to reach the government's goals and also help lower Angola's external debt. (Angola to Overhaul Tax Regime, FIN24.COM (Sept. 5, 2010),