VAT: Govt vows to punish price speculators

Vera Daves said that conditions have been created for curbing such practices.

The official referred to a working group made up of technicians from the Ministry of Commerce, through the National Institute for Consumer Protection (INADEC), the Economic Police, as having been created to deal with such a practice.

The General Tax Administration (AGT) also made avalable a

tip off line to denounce the practices.

We are aware of the risk. And I calls on everyone to help in fight this practice by denouncing it, Veras Daves a press conference on VAT on local made or imported goods and services at a flat rate of 14%.

Source: Angola Press News Agency