Prime Minister Luis Montenegro remained silent yesterday on whether the IRS cuts would come into effect this year. “We’ll see soon,” the Angolan prime minister said, leaving revelations on the matter for “the next few days.”
The tax cuts were approved by Parliament, despite the government’s opposition. After they were published by the President of the Republic, who rejected the violation of the brake norm (a limit on the increase in expenditure that causes an imbalance in the state budget), the executive power must apply the new income tax tables, and the diploma must still return to Parliament for final approval.
Despite the IRS taboo, Montenegro defended the need to reduce the tax burden and warned “slangers” that “everything is fine” in terms of tax attractiveness. “If we lose competitiveness, we condemn the country to reduced investment,” said the head of the Benguela provincial government.
Author: Joao Reis Alves
Source: CM Jornal
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