Oil worker on rig of Angolan coast. PHOTO/AFP
(Bloomberg) - Angola, Africa’s largest oil producer after Nigeria, is imposing a consumption tax on petroleum companies that will raise some costs by as much as 10 percent, according to government documents.
The law, which comes into effect with its publication that may happen as early as today, requires companies to follow a tax schedule that adds five percent to most services and supplies and double that for equipment
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