Billing systems’ validation and electronic data communication
A new reality on the tax and technology landscape in Angola
In July of 2019 it will start in Angola the VAT regime.
Considering the documental formalities required by the VAT system, it will be approved a new Legal Regime of Invoices and Equivalent Documents.
The highlight of this Regime is related with the obligation of Tax Payers with a turn over higher than 250.000 USD of using validated billing systems.
Additionally, it will be approved the Legal Regime of the Electronic Communication regarding Tax Payers’ Accounting and Billing Elements.
It will be mandatory for the Tax Payers to produce a standard file (SAF-T (AO)) related to the elements of Billing, Accounting and Inventory.
A validated billing system is based on four aspects:
"Times are changing on the Angolan tax system which will by itself imply the fulfilling of new fiscal obligations."
"By associating technology with tax, Angola will step further towards an effective control of operations performed within its territory aiming on the reduction and mitigation of the tax evasion."