New customs tariffs come into force in January 2014

6 September 2013

Angola’s new customs tariffs, due to come into force on 1 January 2014, are intended to protect businesspeople and national production the vice president of the Angolan Industrial Association (AIA) said Thursday in Luanda.

Eliseu Gaspar said that the new tariffs, which include imports taxes on a variety of products, which will allow for more investments, creation of new jobs and diversification of the Angolan economy.

Cited by newspaper Sol, Gaspar said that in the last few months some adjustments had been made to the new tariff list, such as drinks imported into Angola at a lower price than those produced in the country, which had a negative effect on the national drinks industry.

“We had to increase the tax on drinks, which in many cases is more than 60 percent, which will prevent more serious damage to the national industry,” noted the AIA vice president.

Customs taxes on legumes also increased substantially as, according to Gaspar, “it doesn’t make sense to import onion, tomatoes and leafy vegetables when we have the potential to supply the national market.”

After approval of the customs tariff list by the Angolan parliament, in March, the only thing left to do is to regulate the change on an administrative basis, said the vice president of the AIA. (macauhub)