March 21 (Bloomberg) -- Angola will start taxing informal traders this year to boost income from outside the oil industry, Jornal de Angola reported, citing Finance Minister Carlos Alberto Lopes.
A “greater percentage” of the economy in sub-Saharan Africa’s second-biggest oil producer is informal and traders must formalize some of their activities to enable the government to collect taxes, the Luanda-based newspaper said.
Taxes in the southern African nation may decline as the country broadens its tax base, Lopes said.
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