Africa-Press – Angola. The reduction of the Industrial Tax by 56.6 percent, provided for in the General State Budget (OGE) 2022 for service providers in the oil and mining sectors, encourages the technological and organizational development of national industries, said economist Juliana Evangelista.
The OGE for 2022 reduces the Industrial Tax rate, which is levied on accidental services, from 15 percent to 6.5%, and the Executive’s bill, sent to the National Assembly, was approved yesterday by the deputies, in the specialty.
Juliana Evangelista believes that the reduction of the Industrial Tax for employees of the oil and mining industries, included in the General State Budget for the year 2022, is part of one of the measures to encourage economic activity in these motor sectors . of the Angolan economy.
Juliana Evangelista recalls that, in the past, the rate in force was 6.5 percent and was increased to 15 percent in 2017.
According to the specialist, the high rates on the companies affected increase the cost of oil production, a fact that is configured as an inhibiting factor for attracting foreign investment.
Asked to what extent this reduction measure from 15 to 6.5% satisfies the oil and mining industrial sector, Juliana Evangelista considers it an important step towards increasing the flow of investment, improving the business environment in the country, as well as strength and financial liquidity for companies.
It emphasizes that the change in the energy matrix is part of the agenda of the Sustainable Development Goals (SDGs) 2030, in which the introduction of clean energies is foreseen.
Therefore, it indicates that it is a priority to exploit mineral resources (Petroleum) as much as possible, otherwise they will be underused.
According to the specialist, the largest fringe of companies in this segment are small and medium-sized companies, which are responsible, for a large part, for the generation of wealth and jobs in the economies. In this sense, she pointed out, the promotion and growth of these companies must be ensured, removing barriers to their development, with regard to the significant reduction of taxes or fees. in order to stimulate competitiveness and the creation of more jobs.
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