The final version of the proposal for the new Customs Tariff of Angola, which will come into force this year, is ready and will be submitted to the Cabinet for approval, the head of the General Tax Administration (AGT) said on Friday in Luanda.

Hermenegildo Gaspar also told Angolan news agency Angop that the main features of the new Customs Tariff are an the incentive for domestic production, especially agricultural production, and that it will replace the one in effect since 3 March, 2014.

Gaspar also said that the Board of Directors of AGT will meet in the coming days to approve the document so that, within a month it can be delivered to the Minister of Finance, Archer Mangueira, who will then take it to the Council of Ministers.

More than 366 products are exempt from taxes, compared to 914 on the previous Tariff, and tax on imports of cassava, kale and cabbage, tanks, vats and similar containers with a capacity exceeding 300 litres, bricks, boards (slabs), tiles and other ceramic pieces has increased by 35%.

With increases in the order of 30% for garlic, carrots, toilet paper, tablecloths and napkins, paper towels, crates for packaging beverages and other goods and galvanised pipes and sanitation.

The products that saw the highest import tariff increase were beans, which in 2007 had a rate of 5% and the current tariff is set at 45%, plus 10% consumer tax and eggs which increased from 15% to 30%.

Car import taxes were increased for environmental, social, health and road safety, reasons, including on light and heavy duty vehicles with more than three and less than five years of use, used motor vehicles and used and retreaded tyres. (macauhub)