The body reports that 32 manufacturers and importers who are domestic and exporters have already registered their factory lines in compliance with the Digital tax stamps. According to the tax body, large scale manufacturers including Crown Beverages, the manufacturers of Pepsi and other beverages, Mukwano industries and Riham Industries are some of those that have heeded to the call for the implementation of the Digital Stamp System. “We are continuing with the registration o

Angola will join the Single Window for Foreign Trade (SWFT) platform starting on 31 March, thus bringing forward its accession to this electronic platform, which aims to facilitate the movement of goods across borders, said on Thursday in Luanda the chief of operations of the Ministry of Trade, Augusta Fortes. The accession of Angola to the SWFT was planned for 2021. This multi-sector tool will align the ministries of trade, finance (through the General Tax Administration),

Intra-regional trade within the East African Community (EAC) bloc rose by 10.3 per cent last year, courtesy of harmonisation of cross-border rules and procedures. "Reforms taken under the Customs Union has also boosted intra-regional trade," Mr Christophe Bazivamo, EAC deputy secretary general responsible for productive and social sectors. He said intra-EAC #trade catapulted to $3.2 billion last year from $2.7 billion in 2016 and $2.9 billion in 2017. Mr Bazivamo disclosed th

Illicit Financial Outflows (IFFs) are a major source of leakage of economic value from African economies. Illicit Financial Flows (IFFs) can be traced back to commercial activities such as tax evasion, trade mis-invoicing and abusive transfer pricing. The introduction and implementation of the Digital Tracking and Tracing Solution (DTS) commonly known as the #DigitalTaxStamp will deliver transparency in the outputs of the manufacturing process from industrial production lines