Electronic notification for payment of IP and IVM is now comprehensive

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Electronic notification for payment of IP and IVM is now comprehensive
Electronic notification for payment of IP and IVM is now comprehensive

Africa-Press – Angola. Electronic notifications via email and telephone messages sent to taxpayers by the General Tax Administration (AGT), for the settlement of property taxes (IP) and motor vehicle taxes (IVM), become comprehensive, after the “siege” at big companies.

With the approval this Thursday of the Legal Regime for the Communication and Electronic Processing of the Tax Procedure and Tax Execution Process, the Executive, through the Ministry of Finance, makes AGT services more modern and dematerialized, after centralizing communication (email and SMS) only in large taxpayers and companies with high turnover.

The diploma, approved at the 2nd Ordinary Session of the Economic Commission of the Council of Ministers, makes the process more comprehensive for all taxpayers, including individual taxpayers, with regard to their tax obligations in the field of payment of IVM and IP.

According to the Minister of Finance, Vera Daves, taxpayers are no longer dependent on paper notifications, starting to receive emails or sms, reminding them of the fiscal responsibilities of the two taxes.

More time for settlement

The diploma also provides for giving taxpayers more time to settle the two aforementioned taxes, increasing from 24 hours to five days.

According to explanations from the head of Finance, previously, from the moment the taxpayer received the notification, he had 24 hours to pay the tax, but with this diploma it changes to five days, giving taxpayers more time to settle the same , after being notified by the AGT.

With the annual payment system, the Property Tax rate in Angola is 0.5% on the amount of the asset value that exceeds five million kwanzas.

For buildings that are rented, the effective rate of 15% of the total rent applies.

While the IVM, also paid annually, is the contribution that all motor vehicle owners, namely light and heavy cars, motorcycles, mopeds, tricycles,

The IVM is the annual contribution that all owners of motor vehicles, namely light and heavy cars, motorcycles, mopeds, tricycles, quadricycles, aircraft and boats, have to pay to the State, based on cylinder capacity and other weight procedures.

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