Cape Verde government wants to reduce some customs taxes as of 2011

7 September 2010

Praia, Cape Verde, 7 May – The Cape Verdean government plans to reduce customs taxes on products covered by the Civil Aviation Agreement to zero, and has already handed the country’s parliament a proposal for this purpose, a government source said in Praia Monday.

Cited by Portuguese news agency Lusa, the source said that it was now up to the parliament – the next plenary session of which will be in October – to schedule a debate, so that the measure came come into force by the beginning of 2011.

The measure aims to answer complaints from Cape Verdean and foreign business owners, mainly from Portugal, criticising excessive import taxes, which in some cases total 50 percent, even on primary goods.

In terms of agricultural or other products, whose consolidated taxes under negotiation with the World Trade Organisation (WTO) are at a higher or equal rate to the rate currently in force, fees will remain unaltered, the source said. (macauhub)