Sub-account for community revenues starts operations in March

The Secretary of State for Treasury, Mario Nascimento, said in the presentation of the Portal of the Taxpayer of the Municipal Administration in the Provincial Government of Luanda, that the procedure will obey the principle of universality and, as such, will cover the other provinces (18), as of next month.

Mario Nascimento explained that under the new system, community revenues generated by fees, licenses and fines will be managed, resulting from services provided by municipal administrations, provided for in Presidential Decree No. 307/10 of December 20.

These revenues, by virtue of the law, must be fully at the service of the managing entities, allowing them to meet some operating costs and provide the administrations themselves.

Source: Angola Press News Agency