Cutting and polish diamond with exceptional measures on VAT


The investors of cutting and polish diamond in Angola said they are pleased with the announcement of exceptional measures to be implemented by the Ministry of Mineral Resources, Oil and Gas, in order to reduce Value Added Tax.

According to Brás da Silva, representative of the Minas Raras company, the decision will ease the burden and boost the investment of factories and investors in the cutting and polish diamond area and, in the future, in the jewelry business in Angola.

During a meeting held at the Diamond Development Pole, in Saurimo, between Mirempet and the businessmen that intend to invest in this branch of activity, Brás da Silva revealed that his company will invest in a first phase about US$ 5 million in cutting and polish of Angolan diamonds.

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